RIOT Trade on Apr 30, 2021 10:42 from WuManChu: Tradervue User Stock Trades.

Idea, Entry, and Risk:

*Idea: FF at 43.30s key level
*Entry: Under key level at failure confirmation.
*Risk: 1:3 (43.50s vs 40s)

Catalyst and News:

n/a. BTC position getting dumped by Elon conintuation, otherwise nothing.

Fundamentals:

n/a

Technicals:

Multi-day consolidation, detached from Bitcoin again. Floating only slightly above support levels. Strong resistance at 43.30s and tape suggesting a reversal.

Summation:

Hesitated at the 43.30s entry chance, but saw the breakdown and took entry starter at the push on the covers from the second falls from the 43 levels. Added again at the next pop and simply waited.

Second FF came at the 43.20s and fell again further. PT never hit but definitely enough downwards momentum for profit.

Takeaways:

Hesitation comes from uncertainty, even when your gut tells you something.

The question, then, is what is intuition telling you, and when and how will you find the source of knowledge and understanding to back it up?

Develop the skill to follow through.

Also, with slower action, adjust your stop targets inwards as you adjust your size back up gradually.