UPST Trade on Aug 25, 2021 09:41 from srosas13: Tradervue User Stock Trades.

The daily UPST chart UPST in a clear strong uptrend so all bounces into rising demand are valid. The daily chart can be seen

I entered the day looking for a 20ma bounce off rising support which is always a good trade.
The hourly chart

shows a clear channel and bounce level with great R:R.

This trade was a text book bounce trade however profit could have been taken better for this trade as it continued to run.

On the 5min chart

we see the entry getting nailed at the low candle at 6:40

I took profit on that same candle, however with a risk factor of 2.00 i should have sold half the position at 216.88. and let the other half ride B/E

My stop would have never got tapped and I could have rode this trade for much more profit.

None the less this is a good example of a playbook bounce trade off the 20ma.

The second entry after the bounce continued to run was a bit of a chase, I never let the highs of the previous hour confirm, I entered and stopped out. I took a trade for no reason.