CCCL Trade on Jan 5, 2018 09:41 from alext341: Tradervue User Stock Trades.

Another Chinese stock popped up on Ross's scanners today. It popped up so quickly that I made sure to enter the trade after I recognized immediately that it was a Chinese company. It was moving up very quickly on heavy volume on the 1-minute chart. The 1-minute entry candle showed 250k of volumes after its close.

The entry itself was somewhat decent, but it could have been better. I bought 500 shares of this stock about 20 cents above its support above the 9 exponential moving average. I do not recall where the VWAP was at the time of entry, but I know it had to have been closer to its entry, most likely below my entry, which acted as more technical support for my entry.

I scaled out of this trade for 30-60 cents of profit, which was excellent. These are exactly the types of potential I look for with these stocks. It allows me to make decent money on small-sized positions, while also incorporating tight max 10 cent stops on my trades. This a great strategy for keeping a P/L ratio above 1:1.

I'm still waiting for a November or January 2017 parabolic momentum this year. Who knows. It might be a few more months. Today was not that day because of relatively poor follow through we saw on these stocks. When that 1 or 2-day window comes, I'll probably enter my trades with full margin buying power.

I closed this trade with $202.53 of net realized gains.