Shared by:
Louie
General Comment/s:
-SPY gapped up and is just trending higher. So I think its safe to be buying now especially if a stock is strong
-Stock gapped up and is up 18% at my entry.
-Made bullish moves (Higher low + Consolidate just above VWAP) + Above 9EMA
Plan: (LONG)
Setup: Gap up + HL + consolidate above VWAP
SL: 14.5 (VWAP Break)
PT: take 1/2 off at 15 then ride higher till trend break with stop set at entry.
Final thoughts:
-Amazing excellent trade! Everything lined up for this trade to work
-Good work on you for not being greedy and locking profits as planned. =)
-Stock just paraboliced and I am more scared of a big pullback. So when it ticked 40 and just pulled back quickly, I got scared of my unrealized profits and decided to exit and revisit for another long.
-Obviously didnt get a chance to go long again as the stock never showed bullish moves.
Execution detail:
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