U Trade on Sep 23, 2021 09:31 from AtlasVanguardTrading: Tradervue User Stock Trades.

Playbook:

I want to really classify this as A1 my favorite kind of trade yet. I really felt in control and followed risk rules well which made it really easy to focus on what to do next. The trade was immediately going in my direction which made me really fearless and focused on how to keep that money but letting it ride by reentering on dips.

I heard someone mention U in the chat and I thought i would look at it. I looked at it and drew one level and use that as sentiment. U was gapping up just under the level at 139.31. As soon as the bell rang U took off through my level where i got my first trade then I sold out and bought another as soon as it hit my level at 139.31. It bounced and went higher. I trailed a stop on that and got stopped out. Then rentered just before the VWAP bounce and sold at the high based on my target of 145. I was goin to sell anywhere in that area.

What to look for next time:

Gap ups into a long term resistance level and big whole number like 140. You can easily tell. Decent premarket volume. This one had a spike to 30k. And look for volume to pour in.
Enter at market.
Use Full Size over that level.
Pick up multiple lots to sell into momentum. This time I chose to sell based on trailing stops but as long as I can leave a core size and scalp around it its good to sell into the momentum. Only renter with profits.
Use a 10% or less stop because it should move immediately your direction.
TP3 would be 144.50