ARGS Trade on Jan 30, 2018 10:26 from alext341: Tradervue User Stock Trades.

This was my largest winner so far as a percentage of the size taken on this trade. On the winning trade that I made about $100 on, I took just over 1,000 shares. However, I made just a bit more on this trade, closing it with $188.13 in net realized gains with only 300 shares taken.

Where did I go right on this trade? There are at least a couple of things. The company had just released news on a patent that they finished, and the stock was also on watch from a strong move up in the week prior, as the daily chart shows from the gap up on the day.

Another important observation is that there was no nearby technical resistance on the daily chart, the 200 ema acted as a bit of support even though in this case the 20 daily ema acted more supportive to make up for the fact that it was actually a bit extended off of its 200 daily ema.

The daily chart pattern was also solid. It had been flagging before making a new daily high from the prior day's high at around 2.50.

The entry was solid, if not a bit premature. The proper entry really should have been at 2.50, but you actually only took small size to start at 2.41 in anticipation of the break of daily highs, which was the correct thing to do.

The entry was also trading tightly against its technical support levels. The other correct thing you did was that you held this trade into the halt for a move higher, and you allowed the exit indicators on the chart pattern to direct you in timing your exits.

This was really a solid trade. You did not make as much money on this one as you did on others, but you demonstrated good execution on this one.