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Publically Shared Trade Notes:
Entry made by: BarByBar
Trade Completion Date: 6/24/2019
Click here for trade details & chart
Momentum
Entered in direction of strong momentum
Exit was the other end of the bar
Profit target was a measured move from previous bar
Entry made by: BarByBar
Trade Completion Date: 6/24/2019
Click here for trade details & chart
HUYA was strong all day, and strong into the close. Bought the pullback expecting the strength to continue, was stopped out.
Better Trade:
If you find a stock that is strong throughout the day, pay attention to where the stock is coming from, if it has been steadily climbing it might be near exhaustion, however, if it had just came from a test of the moving average, it has a better chance of fresh follow-through
Entry made by: BarByBar
Trade Completion Date: 6/21/2019
Click here for trade details & chart
Breakout - However, entered early, the breakout level was below 40c and I entered at 50c
Support was never broken and I was stopped out.
Better Trade:
Wait for support to be broken
Even Better Trade:
Wait for the pullback of the breakdown
Entry made by: BarByBar
Trade Completion Date: 6/21/2019
Click here for trade details & chart
Entered on pullback, however, this move was already extended without having a sufficient correction prior to entry.
Jammed stop at closest support that would invalidate the original premise.
Entry made by: BarByBar
Trade Completion Date: 6/21/2019
Click here for trade details & chart
Entered this trade based on the measured move down, where I booked profits and flipped to long on the pullback.
Better trade:
To keep my original stop and instead of jamming stop after the reversal bar, if stopped would have remained in the original place, would have reached profit target for a 1:1 gain instead of getting stopped out and losing half of what was originally risked.
Entry made by: BarByBar
Trade Completion Date: 6/21/2019
Click here for trade details & chart
Entered on a Low 2 at the top of the trading range.
Added to position on the breakdown out of the bottom of the range.
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