Tuesday, August 20, 2019

BIDU calls +12%

Daily setup: Gap up, earnings
Entry/play: Gaps up must sell off first. Identify pivot to trade against. Watch level2 for entry.
Management: Saw my pivot after selling, hammer, green volume. Didn't want to jump in on runner bar. Liked the next bar long shadow doji to stop against. Watched level 2 for entry above doji and stop below it. Quickly moved up stop to below entry bar. Stepped staggered stops until it seemed to stall around 113. Market trending down, so I squeezed up stop on both. And a good thing!
Psychology: Good. Got my piece, and peace. Bread and butter trade.


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