speculative trade based off my principles
1. Uptrend intra day based on higher lows with the base @.89 SUPPORT and has room to go more
2. History of this stock moving big multiple days (doesnt hold gains well so had to be careful) CHART HISTORY
3. support is there as I mentioned above
4. price action (bid steadily stacking a holding the stock up) VOLUME/ PRICE ACTION
I talk about trading being a recipe and has to have all the ingredients to trade it otherwise it will fail sooner than you want it to with no chance consistently of taking profits. Held a little too long after HOD break but you can take those type of risk once you are making solid profits and understand where meaningful support and resistance are. Only thing I didn't get on this trade was the entry which is the explained in the video. As I mention in the video cant hold a stock like this too long because of the history but it is playable. Hope this helps and have a great weekend
Thank you for the live trading lesson and talking through your thought process. These lessons are golden
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Thanks E
Thanks Ellis
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