GRVI Trade on Aug 19, 2021 00:18 from Joshua_Taylor1: Tradervue User Stock Trades.

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Joshua_Taylor1

 

I scanned for just over 1 hour in the open and nothin I liked was really common up in the scans.
It was a big red negative day for the spy so market was in a bit of a down trend, hence why there were not many b/o.
It didn't meet all of my 2Lynch criteria. It met 3 out of the 5 conditions so I would class this is a C trade.
What I did like about it was that it had good linearity and good quality consolidation. Looking back now it is a young stock that IPOed 5 weeks ago that may also nee adding to the explosive gains we are seeing.

This has been my best trade yet of my new start, as you can see a total of 169$ profit. I entered it a few hours after the open and it moved quickly the next day it was gapping up on the pre market. My exit was excellent I was watching the stock and it was just rallying up so fast.
It was up 35% in 24 hours so I sold into strength.

I got 19% of the move it wicked up and I sold and to my surprise it has not even registered a candle wick of where I sold.

What did I learn form this trade ?

My main take away from this trade is to sell into strength. the stock got extended very quickly and after I sold it by the end of the trading day had given back all the gains and more.

What would I do to improve this trade ?

It's hard to say as this has been my best trade so far, but I guess I could of entered sooner. If I practice my hot key excitation skill I could be a few seconds quicker and on stocks like that could mean at least a few % more gains.

How was my phycology going into and during the trade ?

Going into the trade I felt like it had a lower probity of working due to the market and it being a C grade so I was having cautious thoughts. During the trade was great because it was working and it worked fast and quick. A little too quick so I did move my stop up to protect somer of the gains, that was the right move.

Best trade so far so I am real happy.

one good trade, one good trade, one good trade


Execution detail:

Date/time Symbol Side Price Position
2021-08-19 00:18:05 GRVI buy $6.000 long
2021-08-19 00:20:38 GRVI buy $6.000 long
2021-08-19 22:51:05 GRVI sell $7.130 0


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