I made a speculative entry into $LMND at 67.98 (2/3 position - 12% size) an hour ago. Volume was a little unclear at my entry point, but met my 2x average volume requirement by the close of the 2 hour bar, as was around 2.35x the average volume by the close of the bar.
Update:
Added to $LMND at 69.32 ask (1/3 position - 6% size) to take it up to a full size position (18%) with an average price of 68.42
Stop loss raised to 64.98
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Final $LMND 2 hour chart for the day with the complete volume, showing that there was strong buying into the close. The time of day when institutional money comes in. So happy with the entries, as meets my requirements for volume, relative strength and VCP, with tight risk management.
Daily volume +91.2% above average. So a strong volume day on this VCP breakout attempt
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
$NTDOY Nintendo - ARK Investment Management has accumulated shares every day since Nov 9th. So suggesting that the current base has institutional support/demand in the 60 to 65 range. hence potential for a Stage 2 continuation to new highs
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
$DDOG forming a Stage 1 base on the 2 hour chart. I'm already long this one. But for new entry you'd be looking for a Stage 2A breakout above 92 zone, but be aware of the volume resistance at the century mark
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
(2020-11-24, 11:14 PM)isatrader Wrote: Final $LMND 2 hour chart for the day with the complete volume, showing that there was strong buying into the close. The time of day when institutional money comes in. So happy with the entries, as meets my requirements for volume, relative strength and VCP, with tight risk management.
Daily volume +91.2% above average. So a strong volume day on this VCP breakout attempt
$LMND has moved more than 5% above my average entry price. So have raised my stop loss to breakeven
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
