NIO Trade on Sep 12, 2022 09:45 from AndyBhanver3: Tradervue User Stock Trades.

PLAY IDEA/SETUP - 5M 9EMA - VWAP

REASONS TO ENTRY (ENTERED CLOSE TO A SUPPORT/RESISTANCE THAT WAS HOLDING) - #1. NIO WAS BREAKING OUT HERE ON THE HTF DOWNTRENDLINE FROM THE DAILY, AFTER THIS LARGE MOVE UP WE ENDED UP PULLING BACK INTO THE VWAP AND STARTED TO BASE OUT HERE FORMING A SUPPORT HOLD, I WENT LONG RISKING 15 CENTS WHICH WOULD HAVE BEEN A BREAK BELOW THE VWAP AND POTENTIAL INVALIDATION OF THE 5M 9EMA HERE

REASONS TO EXIT (EXIT AT SUPPORT/RESISTANCE WALL/EXTENSION) - #1. FISRT ENTRY WAS AS WE GOT NEAR THE PRIOR HIGHS AND POTENTIALLY COULD HAVE REJECTED AT THIS KEY LEVEL MAKIN A LOWER HIGH

- #2. NEXT EXIT WAS AS I SAW LARGE SIZE AT 21 WHICH WAS A BIT EXPECTED BUT WAITED TO SEE IF WE CRACKED OR CHIPPED IT, ON THE REJECTION I TOOK ANOTHER 33% OUT

- #3. NOW I HAD A SMALL POSITON LEFT, TOOK OFF HALF THE SIZE NOW BECAUSE I SAW SIZE AT 20.91 WHICH LOOKED LIKE SELLERS WERE STARTED TO ACCUMULATE HERE AS THE SIZE INCREASED ON THE LEVEL 2 BUT ALSO OCCURRED TO ME THAT THE LARGE SELLERS AT 21 MAY BE STEPPING DOWN HERE, SO THAT MADE ME FEEL LESS CONFIDENT SO I EXITED ANOTHER PORTION

- #4. LAST TWO EXITS WAS BASICALLY WE MADE NEW HIGHS I SAW SOME SIZE AT 21.1 AND SOLD INTO IT, AFTER THE PULLBACK AND MOVE INTO NEW HIGHS WE WICKED BACK DOWN AND I EXITED MY LAST PORTION, I COULD HAVE TRAILED IT HOWEVER ALONG THE 5M 9EMA AND CONTINUED TO RAISE UP MY STOP

PT - #1. WAS WATCHING THE 21.2 LEVEL BUT NIO WAS ALREADY EXTENDED ON THE DAILY CHART AND I WAS BEING MORE CAUTIOUS HERE

MARKET CONDITIONS - #1. MARKET CONDITIONS CONTINUED TO MOVE HIGHER BUT NIO WASN’T FOLLOWING THE INDICES, NIO CONSOLIDATED WHEN THEY RALLIED AND THEN AS THEY PULLED BACK NIO HELD WELL AND GRINDED HIGHER

TAPE (AROUND SIGNIFICANT AREAS) - #1. WAS VERY USING IN IDENTIFYING AREAS OF SELLERS WITH LARGE ORDERS AND ON TOP OF THAT, WAS ABLE TO IDENTIFY SELLERS STARTING TO STEP DOWN WHICH WAS A RED FLAG AND FORCED ME TO MANAGE MY POSITION BETTER

- #2. WAS BALE TO UTULIZE THE TIME AND SALES TO SEE IF ORDERS WERE COMING THROUGH TO CHIP THE WALL

REFLECTION - #1.. VERY NICE EXECUTION - ENDED UP WITH A 2.5R WHICH WAS PRETTY SWEET BUT ALSO WAS ABLE TO MANAGE RISK EFFECTIVIELY AND SCALED OUT INTO A NICE WINNER AS WE CONTINUED HIGHER

MISTAKES (DON’T GET UPSET AT LOSSES, BUT GO BACK REVIEW AND MAKE SENSE OF WHAT WENT WRONG WHY DIDN’T THE TRADE WORK AS YOU EXPECTED IT TO AND ONCE YOU FIND THE SOLUTION YOU WILL FEEL MUCH BETTER) - #. I COUDLNT QUITE FIND AN AREA TO ADD UNLESS I BOUGHT INTO THE DIP AFTER WE BROKE THE INTRADAY UPTRENDLINE BUT WASN’T A VALID ENTRY FOR ME IN MY OPINION SO DIDN’T DO ANYTHING THERE, WASN’T QUITE THINKING OF TRAILING MY LAST POSTION BUT DEFINITELY COULD HAVE, NEED TO WORK ON HOW TO IMPLEMENT AN OCO ORDER, HAD A FEW PROBLEMS WITH THAT

IS THIS STRATEDGY WORKING OR NOT? PROBLEM? SHAKEN OUT TOO EARLY, RIGHT TRADE WRONG TIME, TOO TIGHT STOP LOSS?

WAS THIS A GOOD TRADE? YES, VERY NICE CATCH HERE AND WAS ABLE TO CATCH THIS NICELY, TRADE AT THE OPEN WAS VERY NICE ASWELL, NEEDED TO CHECK THAT IN ON THAT POTENTIAL OPENING DRIVE THERE