ADTX Trade on Sep 1, 2023 12:47 from moazzamk: Tradervue User Stock Trades.

The set-up:

ADTX had moved up from 7 to 73 previous day on really high volume. They, apparently, had a patent on long COVID cure. It had really high relative volume (around 10 I think). It had pulled back about 50% and I figured there is a chance it could just go down . Most of these medical stocks do.

As soon as the price goes up , the company does a secondary offering and dilutes the stock. So, I figured it could go red today . However, the pullback during the open wasn't so bad . It felt like it could be a red to green move. So, I waited.

By the time I checked if it was halal or not, it had halted. Recently, all halts going up had resumed lower. This one, however, resumed much higher. I figured it might pull back since there is a sell off after a halt.

It did, in fact, pullback but in the same minute it went back up. So, I got in hoping it would go higher . It did and went into a halt. Webull doesn't have a halt indicator on L2 so when I saw red prints (and there wasn't much volume) ,I thought about getting out but I figured it could be halting so I waited and it halted.

I got out right after the halt in case it pulled back. I was up 38 bucks and didn't want to take a chance. Right after I sold, it went up again and halted up. Third halts are usually risky so I didn't get in but the third halt worked out as well. Although I wasn't in it.

After the third halt, I decided to get in with 1 stock and it moved 1.37 dolalrs up. I FOMO'd and bought another 5 near the high. I had decided that after a big win, I will decrease my size considerably, maybe just hold 1 share or something. I broke that rule here.

Anyway, it went down, I sold immediately on the flush and so glad I did. I was still up 15 dollars. I sold because I noticed the volume on the red candle was the highest volume of the day . I figured it was done.

What I did Right:
- Didn't rush in after I sold
- Waited for it to decide on a direction before buying
- Paid attention to daily levels and volume
- Git out before the halt down on my last trade

What I did Wrong:
probably should not have gotten in at 51. I haven't mastered scaling in .

Where I could improve:
Need to practice scaling in. And, maybe scaling out .

Trade grade: A