IWM Trade on Jun 25, 2021 10:19 from JRockTrades: Tradervue User Stock Trades.

IWM has been trading in a range, but had a monster day yesterday. It was near it's longer term downtrend line and would likely face resistance to a move higher unless it rallied strongly on the open and broke through. Instead, it tested 233 and quickly rejected. it was coming back in that level when I pulled it up and I could get in with almost no risk to the short.

Sold against the 233 level where it had previously reversed with ten cent stop. Quickly started working and covered at increasing profit targets. Final cover was when my trail stop was hit. I could have tried for more, but I was pretty much up against my time limit for trading on the day. I did get over 4:1 risk to reward, so this is the kind of opportunity I need to look for more often.

This has to be the easiest trade I've taken in awhile. I missed an opportunity to short the QQQs yesterday and this was me making up for that.