RIOT Trade on Apr 20, 2021 09:47 from WuManChu: Tradervue User Stock Trades.

Idea, Entry, and Risk:

*Idea: Continued fade off of unwind/weakness/key level test (39s)
*Entry: 39.80s, right under VWAP
*Risk: 1:5 (vs HOD, to next major daily support)

Catalyst and News:

n/a

Fundamentals:

n/a

Technicals:

Chart at major daily support level. Broke down pretty early after the p/m gap down > consolidation, then went for the VWAP test into the real breakdown.

Summation:

Entered into the push back into VWAP small, aiming to try to size up again later. Tape told the story and despite how heavy it was I could not bring myself to size harder (again).

Watched the gradual breakdown throughout the day. PT was originally 33 but adjusted back after it kissed 36 only twice and then consolidated and pushed back near EOD along with the MARA call sweep. Out both back into the 37s and 38s for 2R.

Takeaways:

Either size fully and wait for "better" entries, and don't let FOMO push you to keep entering too early.

On the flip side, don't think that having an early fill is wrong if it's still within your risk.

And remember that sometimes PTs can be unrealistic, or they're wish orders. You'll adjust in time.