Stock: SNAP Result: +2.4R profit Strategy: ABCD (sort of...) Long/Short: Short Entry: 59.75 Risk: 15c S/L: A break back above 9EMA on the 1-min chart Why did you take the trade?: SNAP was down trending and in the first four minutes opened very weak. I saw it attempt twice to recover and break and hold above the 9EMA, failing both times. But what really made me enter this position was the volume on the green candle: very low green volume made me sense there was no enthusiasm from buyers at this point. Hence the second time the stock rejected the 9EMA I entered looking for a flush. I've labeled this an ABCD trade although I'm not sure it counts as one. I'm not sure what strategy this fits into actually. I just had good reasons for going in. What happened next?: It worked out 🙂 There was a sharp move to the downside, especially after the price broke below the 59.60 level. How did you feel after taking the trade?: Quite pleased. I knew what I was looking for, I had a thesis, it worked out. What did you do well?: Used volume to support my thesis. Seeing the lack of buying enthusiasm on that green candle convinced me this was weak. If there were buyers lining up then that was the moment this stock bolted up. It didn't, so I was comfortable going short. What can you improve on?: I still feel like I'm taking partials too quickly. My first partial is usually a 50% partial. This is something I think I can do better.

Hey Joe, I was chatting with a BBT trader named Jessie and he referred me to 2 videos he put on the BBT you tube channel regarding TDA with Das. He trades live in the vid's at open and he even has a very unusual confirmation problem in the beginning of the 1st vid. I really got a lot out of watching them, hopefully you will too. I've spent a bundle on commissions with IB since mar. 2020 when I went live and I would say that Jessie's videos have pretty much convinced me to switch to TDA with Das. Hopefully they help you too.

Carlos Trade of $AXON & $FIVE| Jun 07 2018

Sahil today recap of $PBR