DIDI Trade on Oct 21, 2021 09:27 from Rolling-Bubbles: Tradervue User Stock Trades.

The volume bars are important here. I ended up making money in this play because there was bullish news flow and the stock was in play (RVOL was above 2 in premarket). My entry however was not ideal. The mistake I made was not paying attention to the premarket price action. I only cared about the gap up and to see whether it would go. It did go but that cost me a better entry. Price had contracted in the premarket after a run up to as high as 9.23 and followed it up with a pullback that ended creating higher highs. Once DIDI breaks out of this range which is bullish in nature because its showing higher lows and higher highs, I have to enter. I think that's where the best R/R exists, if the range breaks to the downside, thats my stop loss. Above and im safe, at that point I can even move my stop loss up to breakeven.

The first ideal entry is around 9 when DIDI makes another higher low at 8.91 or so following the trendline from premarket. I think thats where a starter position is needed. Once that breaks you want to be out, so I do not think it deserves a full size, this set up is not A+ yet. It will be A+ if the trendline holds. The trendline holds and immediately prices climbs and is joined with big increasing volume bars. Remember the RVOL for this name is high already, so if such large volume is coming in 15 mins after the open on an UP MOVE AND A PULLBACK THAT WAS ON DECREASING VOLUME theres just a higher chance now that the breakout will be supported. That is where I need to be adding size, a break above 9.14 is one options or a break above the highs of premarket at 9.23.
IF you look at the volume bar, I entered on the third large volume bar at 9:25, that is too late, it is not an A+ set up at price 9.3 and time 9:25. I honestly get lucky here because the breakout is strong and I entered right where it actually retests. After taking profits, I went red on my remaining 500 shares and that had me on tilt. Another lesson here is also that when my entry is so late I think I need to be proactive about my profit taking, that is the only way to improve my R/R. With such a late entry, I cannot afford any pullback. The resistance at 9.9 bucks was huge so I think it made sense to take most of my profits there. In this scenario this would have worked out perfectly actually because the retest of premarket highs on the pullback was textbook. Once again it was decreasing and towards the end muted volume and did not even undercut the premarket highs. Im not sure if the "pullback retest of the premarket highs" should be entered with a full size or not, something to think about.
How much would would my full size have been had I entered at 8.9 on the trendline? That offers the best R/R but its hard to trust a trendline and there can be whipsaws there, so I think maybe 500 and then 1000 on the break of 9.14 or 9.22.

HMMM correction - the second entry is not at the
premarket highs or the last higher high in the premarket, its the higher high that DIDI makes at 8:34, after initially flushing and undercutting the trendline (which is also a big clue, a UnR shows momentum) and going as high as 9.15. This is important because once the trendline gets tested again and defended (where my starter would be), DID breaks above 9.15 and consolidates for 6 minutes and has wick formations above 9.15 (the big is being held). That is where my second lot needs to be because the r/r is nice once again here, below 9.15 and im out, though I have to give it some space. My breakeven would be around 9.06 if I enter equal shares on both entries. So another question is, should I add more shares on the second entry or no? something to think about...

So the stock is in play and there is bullish news flow, how much do I take off on the third big volume bar (where I entered like a noob)? I would say ideally a quarter at most. If my entry is good then I have to let this play run I think. There's a high probability that it runs to R1.

I also did not notice the demand from before, last week monday more specifically, at 8.82. There is a good chance there are short sellers trapped there once DIDI breaks out. In premarket on wednesday, DIDI also found resistance there at 8.82. Clearly my premarket work was trash, I didnt notice any of these clues....