PDD Trade on Aug 31, 2022 09:33 from quanphan135: Tradervue User Stock Trades.

PDD had a gap up - was pick by me for stock in play, I tried find entries to SHORT IT because there was a overbought and feel like I can profit when is fading, but I was RIGHT but too impatient. I entries too fast when market just open "and gap up". People can buy into 72 and flush it. To be in this trade, and idea of trade stock in play, I will need practice more on paper trade before trade with real money. End up losing -$173 for some "new strategy"

Gap up pre market from 67.50 to 69.50 - market open at 69.50, above its vwap. Support now was 67.50. I was hoping for a fade down/pull back setup.

Stock does pull back after 4m open, plummet to 68.20 and I enter at 68.25? what a terrible entries. I could entries at $69 and exit at 68.20. All I do is sell low and buy high. No setup in place.

After the entries, stock it below vwap but retest it going back to 68.50 (I should exit my stop loss at .25cent, but I didn't. After few min holding the position, stock was successfully retest it vwap, reaching intra new high 69.50 and I exit my position the highest price lol and end up costing big loss.

What can I do better:

1)Again, SHORT AT resistance and LONG AT SUPPORT. I was short and entries at intra low first 1m? Not there what the hell I thinking.
2)Hit the BID sooner, if the stocks doesn't going my way immediately, do not wait to be correct. Put stop loss in place, .25 cent loss for small cap stock is ok. If it was hit sooner, instead of ~-$100 loss, I could only lost $25.