AXLA Trade on Aug 29, 2023 08:04 from moazzamk: Tradervue User Stock Trades.

AXLA was going up on nwes that it got a patent for long covid treatment .

AXLA was on top 10 gainers on webull. Had higher volume than the leading gapper. Higher relative volume. So, I started watching for a pullback. It pulled back and I was going to wait for 3 more candles until the second candle moved fast towards the previous high.

So, I bought it. On the daily chart, there was resistance at .31 and then at .45. So, I sold at .27 as it was close to .31 and L2 had a lot of red prints. Later, it went up but I didn't buy since I knew .31 was daily resistance. However, it went above .31 .

I hadn't noticed it at the time but instead of FOMOing and buying in, I waited for a pullback. And, when it did pullback , I waited for a gman-pullback . I bought in and noticed it was getting close to my SL but at a faster rate. Seemed bearish so I got out before it SL. It worked out well because it actually went way below my SL

I had some more trades after this which resulted in small losses until I got in again and got out right before .41 . Should have stayed till .41 and would have made more money .

In the end, I noticed my PL wasn't increasing with more trades. It would go up and down but end up near 5 dollars so I decided to stop trading. I am so happy about this. A year ago, I would have kept trading until I ran out of money.

What I did Right:
- Waited for pullbacks
- Took a loss even though the loss was around 50% of my gains. Thankfully, I got back those gains later

What I did Wrong:
- Some entries were risky. The P/L ratio wasn't there. I realized it right after I got in .
- Need to hold winners a bit longer - unless they get close to a level (like daily resistance).

Where I could improve:
- Pay more attention to patterns, maybe?

Trade grade: A