AMC Trade on Mar 25, 2021 11:23 from ADillPickleTrading: Tradervue User Stock Trades.

positives
- first green bar in a while on daily, however not a good bull daily setup
- was in a very strong move up so the uptrend criteria are satisfied
- had a hammer on the 1m chart
- timed the top extremely well
- stuck to my scalp plan and sold this one quickly
- market just started a new move up after consolidating at lows so had good market confluence

negatives
- was up 3 wide range green bars on the 5m and did not enter on a dip. even for a scalp, this is risky.
- did not see any pullback or hammer on the 5m chart
- had a very small % retracement, even looking at the 1m chart
- increasing vol, top may be near
- stock had upcoming resistance at 11.2 that I did not check for / see

OVERALL

This was a very risky trade overall and I am happy I followed to the plan, scalped and took profits early. I liked the high vol candle and market confluence however taking trades that extended on the 5m timeframe with almost no retracement is not ok. It also had upcoming resistance which I did not look at, also not ok. The daily setup was also not very good.

Management Results:
1R AON: +1R

2R AON: +2R

3R AON: -1R, almost hit 3R target

4R AON: -1R

2R Move Stop to BE at 1R: BE

3R Move Stop to BE at 1R: BE