Lenny 2 Posted March 18, 2020 (edited) Dear all, This is a papertrading account and I just started trading. I would like to have your thoughts on the two trades I made. I think I know what I did wrong ( a lot went wrong), but curious to know if you will give the confirmation or will show me something else that I did not see. There is a fat finger mistake in the chart. Instead of selling everything of my first trade (stop out) I added to position. After this add, (while I wanted to sell) I immediately sold everything at once at 10:35. This was Roku yesterday (March 17th) I mainly focussed on the 5 min chart here, As you can see Roku was in a uptrend, and there were, at least untill 70 USD no resistance levels above, we were above all the moving averages so there seemed to be the potential to go up. My R:R would be 1:2. In both trades I placed the stop 75 cents below with a first profit target of 1.50 higher. Question 1. Should I have waited first if we had the confirmation that we broke through the level of the highest wick of around 09:50/09:55? Question 2. Should I have waited for the confirmation of an increase of volume in the entry (or confirmation?) candle? Question 3: What would be other factors to consider? Kind regards, Edited March 18, 2020 by Lenny Added information Share this post Link to post Share on other sites
Justin 262 Posted March 18, 2020 Yeah, simply put, whole numbers are good resistance and support levels. Obviously it's a bit harder with ROKU where it's going up full dollars within minutes. That being said I think the best indicator was the second from the top red dotted line - the previous day close line (maybe color it a different color than high of day line). Previous day close is a very strong indicator. It was 63.84 and it bounced. I would have waited for a 1 min candle to close above that line. Share this post Link to post Share on other sites
