SYMLIFE: Breakout New 52W

25 Mar 2021

Breakout trading

EP: 0.825
CL: 5%
TP: 10% or ride the profit

26 Mar 2021

Not

Volume breakout at 5mil from the past 5 days, then 14mil for the past 1 year. I only caught them at the end of the trading session, thus I entered at closing. Quite risky.

6 Nis 2021

Not

Reach SL for about 5%. It was going well, until today suddenly big red candle appeared. Waiting for market closing

6 Nis 2021

Not

Closing at 0.8! What a rollercoaster of emotion this is.

7 Nis 2021

İşlem kapandı: durdurma seviyesi

CL at 0.760 (9%)

7 Nis 2021

Not

Lesson Learned:
1. Entry point could be better? The volume spike was great, but maybe I need to enter just before breakout, and not closing i.e around 0.735/0.74/0.745.
2. It looks like a descending flag pattern, should be a cue to exit once it broke out.
3. The volume on 6th Apr was higher than 5th Apr, suggesting more and more people exited their position, probably can CL at 0.8 (closing) rather than waiting for the next day.