BA Trade on Jul 28, 2021 09:35 from srosas13: Tradervue User Stock Trades.

On the daily chart, we see a very large gap up just slightly below the 50ma. This needs to be used as a boundary to know that the trade is going to run or will reject. As we see on the daily chart it was indeed rejected. This can be seen

I attempted to use the second entry off the initial 5 min print. I never however let the stock pullback. After a large gap up the better play is to enter on weakness and after profit-taking therefore your margin of failure is smaller if you need to stop out. The 5 min chart can be seen

As we see I entered at 9:35 on the fresh print of a 5 min and never let it pull back. I then averaged down twice and created a position of 13 contracts this is a dangerous size on a volatile stock.

I enter the trade on the retest of highs and get bailed out by averaging down but this is a poor trade and also very dangerous.

the hourly view can been seen

VIX 18.30