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Robert H

Speaking Out Loud During Live Trades

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The trade didn't go your way but you stayed disciplined! I'm proud of you!!!! Small loss........big wins coming near-term!!!

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This is why sticking to your stop loss is so important. Look how this stock bounced all the way back to VWAP and just kept going. Thanks for sharing Robert!

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21 hours ago, Robert H said:

$TRCO Reverse ABCD

 

 

Couldn't crack below 32.50 and stopped out on a new 5-minute high for a 0.25/share loss. Stock ended up punching through VWAP to $34.25.

Great discipline :DD and great u left with a small loss! sorry my headphones are broken so I could hear nothing))) maybe you said it in the video) but I've a question, reverse abcd and a fallen angel can be literally the same, but one goes high, the other falls down. Is there a way to identify whether it's a fallen angel or reverse abcd? Or a fallen angel can't be on mid float stock), I mean, why did you take the trade short, couldn't it be that the stock is just holding a level and now ready to break up? Or because it had so many moving averages above it, it was most likely to go down)) I guess now I'm just writing everything going in my head, I'll leave you to it when you've time)) thanks in advance!

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Fallen Angel is for low-floats and typically happens within the first hour after the Open.

I took a reverse ABCD because I thought it was going for a 2nd leg down after the parabolic drop. In retrospect, too much time had elapsed for that and the momentum died. Normally a reverse ABCD/Bear Flag happens within 5-15 minutes after the first drop. This one was like 30 minutes after and a reversal was definitely taking shape.

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6 hours ago, Robert H said:

Fallen Angel is for low-floats and typically happens within the first hour after the Open.

I took a reverse ABCD because I thought it was going for a 2nd leg down after the parabolic drop. In retrospect, too much time had elapsed for that and the momentum died. Normally a reverse ABCD/Bear Flag happens within 5-15 minutes after the first drop. This one was like 30 minutes after and a reversal was definitely taking shape.

Thank you!

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