RAIL Trade on Mar 26, 2021 13:38 from VadimT7: Tradervue User Stock Trades.

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VadimT7

 

There was no big increase in buying volume that could've indicated a possible reversal.

Better execution:

  • Price action looks bearish so have confidence in your thesis,**so set a SL even if a few cents in case it breaks out and let it breakdown and do its thing**. If the thesis is incorrect, then just exit. No problem at all. That's new data to improve on.

Indications of weakness:

  • The move back up after the knife was on low buying volume and price action was very narrow - low buying and there is still selling pressure judging by the knives;

  • And there was a shooting star at the top on the highest volume.

  • And the price was not ready to move up as the volume on the most recent big rally starting from the 5.50s was on decreasing buying volume - no interest from buyers.


If it breaks out on increasing buying volume, just exit and no worries.


Execution detail:

Date/time Symbol Side Price Position
2021-03-26 13:38:18 RAIL sell $5.790 short
2021-03-26 13:44:48 RAIL buy $5.780 0


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