DASH Trade on Jul 23, 2021 10:51 from MichaelBLe: Tradervue User Stock Trades.

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Shared by
MichaelBLe

 

Shares traded: 300
Closed Gross P&L: $-17.30

Tags:

Daily: Cup and Handle Entry: Ladder Exit: Mechanical

Took this trade on a cup and handle forming. This name is trying to break out of a inside day. I have a tight stop at LOD.

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The fundamentals aren't great but sales is continuing to grow. This is a story or name that I personally have used once.

The RS rating doesn't hit that 80+ mark. So it's not the perfect stock but the technical pattern is hard to ignore...
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9:00AM
The longer I'm in this trade, the more I realize how late I am to this rally. I moved my stop up as DASH continues to grind up. I added 50 more shares and my risk is now reduced to $245 from $360...
Being really cautious. I'm hoping to move to break even before the end of the day.
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7-24
8:44AM
DASH did well enough for me to move my stop to break even on the trade. I won't let this go against me unless there is a gap down that I cannot control. Like many other stocks, the weekly candle is showing an engulfing candle on higher volume.

I don't know if we are out of the woods quiet yet with a strong market bounce. It's still summer time...

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7-26
7:25AM
A gap down and wide spread got my stop hit. I didn't want to take anything less than break even since the trade started to work for me...


Execution detail:

Date/time Symbol Qty Price Position
2021-07-23 10:51:00 DASH 50 $184.340 50
2021-07-23 10:51:06 DASH 50 $184.290 100
2021-07-23 10:55:30 DASH 4 $185.265 104
2021-07-23 10:55:30 DASH 46 $185.265 150
2021-07-26 09:35:22 DASH -2 $184.750 148
2021-07-26 09:35:22 DASH -100 $184.510 48
2021-07-26 09:35:22 DASH -48 $184.520 0


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