SOFI Trade on Oct 18, 2021 09:31 from AtlasVanguardPaperTrading: Tradervue User Stock Trades.

Playbook: SOFI 10-18

Name: Weekly Bull Flag Breakout on Increasing Volume

Big picture:

SOFI has been in a huge 10 month bull flag pattern that went on a tear recently to approach a third touch of the upper trendline. This is a signal to me that there will be a hard rejection, consolidation, or breakout.

TA:
Falling wedge/ Bull flag pattern on 5m from open yesterday into the opening bell today that squeezed out hard in the first 5 min with a green tape.

How to get bigger?
- When this thing broke out add full tier 3 size.
-When it broke and held for a 5min close over the EMA cluster add another tier.
- A trailing stop would have worked really well on this trade.
- This trade should have been a no brainer to load the boat from how price move out of the wedge.

How to find this trade again?
- Keep drawing the upper trendline on multiple time frames and setting alerts.
- Scan 5 min charts for patterns premarket on stocks that are consolidating/had an inside day at a key break out level.
- Continue to monitor larger time frame breakouts to find great potential volatility expansion in the direction of trend.