XPEV Trade on Oct 20, 2021 09:37 from DieselGenSet: Tradervue User Stock Trades.

I liked the daily chart sinc ethis had a nice run up and was consolidating into a flag. It opened weak and i wanted to see if i could catch a red to green play as this pushed back into 44 resistance zone.

Instead of waiting for the red to green i entered in anticipation of it to capture the quick gap fill. I held for test of resistance at 43.20 but it didnt hold and quickly pulled back. it hit my original stop and i was out with nothing.

How can i improve: I took a trade that should be a play all by itself. Ive seen these over and over where they fill the gap down. they are quick and can have a decent range. The problem was i didnt lock any profit in after that move. I shoulkd have sold half here, moved my stop up to entry price and reevaluate from there. Instead i let this go all the way back against me and take another chunk of my mornings profits away. It could have been a quick win for my P&L.

If i were to playbook this as a trade i could sell half and see if breaks higher, if it does i could add here too when im ready for that component. If not i could sell the full size into the gap fill and wait for a secondary play.