RIOT Trade on Apr 13, 2021 09:50 from WuManChu: Tradervue User Stock Trades.

Idea, Entry, and Risk:

*Idea: Continual fails after morning overextension, even with BTC ATHs
*Entry: 55.30s (feeler after VWAP re-test after first morning fails)
*Risk: vs HOD, 1:3 (1.4 pts vs 4.2 pts, PT G/R)

Catalyst and News:

Citron hit on RIOT being an incredible inflationary purchase compared to other blockchains (Piece released after entry).

Fundamentals:

n/a

Technicals:

Big push towards 60s and former resistance line. Continual fails and lack of strength above 56.

Summation:

Entered on last push above VWAP and fails after 55.75. Small size, still not used to sizing up (see below for risk adversity point). Volume higher on the reds. Saw more fails and push before Citron hit and flush down into the 54s and below. Liked the continued fails and possibility of a G/R test, but saw the tape start to turn at the 53.50s. Saw one last flush into where the bounce started. Wasn't certain of the trend change until the bounce after the second drop and bounce from the 53.80s, got out there, where the volume started to turn.

Really big pushes into tomorrow, could be nice again.

Takeaways:

Getting back to the groove. Had the idea but not entirely sure for most of the day. Two others had opposing ideas, then both determined short, especially with BTC failing with.

Remember, don't take trades because others did. It's okay to have similar ideas but have conviction in your own.

And now's the time to overcome risk adversity. Remember that accepting a trade means accepting the risks. Focus for the next trades: use slightly larger size than you're used to: enough to have a bit of tension but not so much that it's discomforting.

This is the same sort of mentality you want to have as in your competitions with other arenas. Calm, collected, and prepared for the norm and the unexpected alike.