MARA Trade on Oct 15, 2021 09:35 from lancenguyentx: Tradervue User Stock Trades.

Fundamental:
- Crypto stocks gap up at the open as bitcoin tests $60K level from April
- Marathon among miners getting positive coverage at D.A. Davidson
Support: 45.91, 45
Resistance: 49.28
Trend: Uptrend breakout
ATR: 2.78

Indicators: Bullish uptrend breakout above 45 resistance.

Trading Plan: Long bias hold above 45 for entry w/ possibility to get to 49.28

Review: Long bias since it held above 45 in PM waiting to get over 45.91 and hold. I took the ORB w/ stop at 45.91 because it put double hammer on 1 min testing support.
my first mistake was putting a stop at 45.91 when it should've been 45.74(PM High) because I lossed my stop and I would've gotten stopped out. Since it was so close I held pass my stop to let it test PM High but i shouldve waited for the pullback and test or put a wider stop since they were to close to eachother. I ended up taking 75% profit at 2R and held for continuation because SPY was in uptrend as well but broke MA on 5 min which is confirmation for change of trend so I got out.
Risk/Reward Factors:
Risk:
- Stop too tight. If it has 2 levels close to eachother pick the further one in case of retest and If plan is correct then possibility of adding to position

Reward:
- Waited 5 min to take trade
- Waited for confirmation candle off support for entry (double hammer)
- Waited for continuation of trend w/ SPY as confirmation
- Got out completely when price broke 5min 9MA and Mas cross on 1 min