Friday, April 8, 2022

One trade. Done.

Market opening inside, third day in this narrow range trying to hold 50mas. Means, be skeptical.

No great picks. CRWD big volume gap, but not a stellar setup. Also very volatile and spready. What could go wrong?! Meanwhile the market opened and dropped straight out.

Set an alert for a possible entry price level. It ran to my target, but I didn't fill. Had to take half on stop. Reversed well and I added back. Again I didn't fill when it got stuck under 226. Reduced my first target to make sure to fill. Market dropping. Be skeptical. 

First half filled and then I trailed stop under the second half. Hoped to get to 229, but also watched the uptrend resistance from premkt. This concept has been helpful since I noticed it. Works on all timeframes and very helpful for targets. It may LOOK like stock is making a new high, but it's a fakeout to uptrend resistance reversal. 












Looking back at it only several minutes later... gotta take those stops. 













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