PTGX Trade on Mar 7, 2023 15:02 from Goku_BOWS: Tradervue User Stock Trades.

Daily Setup: Reversal @ S/R Mar/Apr '22 base
Intraday: Overbought reversal at daily s/r level

$PTGX started acting a little jumpy, sign of exhaustion. 1 last push after the high volume 5. 23.37 was my desired entry as it above and back back down through the high, bit late, I was looking at the chart to figure out the level and it dropped so I marketed in. Stop not at an appropriate level based on my size, but following my risk parameters 1st. Stop should've been HOD but I had it lower. 1st cover half to cover risk. first cover near low of 5 minute continuation hammer, 22 was the next cover = 8ema on 15. After first cover I was able to move my stop to HOD, it would be a minor loss if triggered, but higher probability of working. 15 minute dark cloud cover should help. I moved stop back down to last pivot attempt. It was forming a nice flag on the 5 and inside candle on the 15. No sense giving it all back, it wasn't flushing. Not appropriate trade management, but partly due to my late entry. Stopped out last on flag breakout, small gain overall.

Layers of probability: Daily S/R level, very extended on 15, 30, hourly, highest volume 5 minute candle on daily, signs of exhaustion, 1 reversal attempt on 5 minute with high volume, then shooting star.

Entry: back down through high of failed breakout after big volume 5 minute reversal attempt
Stop: 23.51; should have been HOD but I missed good entry and had too much size
Targets: Low of 5 minute continuation hammer, then originally 22 (15 minute 8ema), moved up with no follow through and covered all before the close

Successes: Patience waiting for daily level, wasn't really on my radar until then, used to jump the gun on these a lot
Areas to improve: Smaller size to allow for appropriate stop, especially without a clearer reversal setup.