LOG IN
SIGN UP

Daily Dose

02/19/2021 20:51

Trying something a little different today, you guys can let me know if you like this method of educating. I’m going to walk you through a potential play that could’ve been made on 2/16/2021, ticker: SCKT.

Steadily gained from AH into PM/top watch moving into the day/had news/low float (4.68M)/solid volume/opened around $10.3 (hasn’t seen those levels since 2008)/decent day chart leading up to the move. Had an initial run out of open then slowly fell under vwap, watched for the vwap break around 10:45, tested, failed once, retested (11:03), broke (over). (It’s important to know not to instantly jump in on a vwap break. You need it to hold/test. There are times that it will break and run, at that time other strategies are applied). As you can see in picture one, the green circle represents the vwap hold/tests after the initial break. Potential buys (longs) are made here with risk (SL) under vwap (red line/past support level). Watching Level 2/T&Ss is also key in this area. We get the clean run to $26.23 (picture 2), however we can see the RSI is showing bearish divergence (making lower highs as the chart makes higher highs). After hitting $26.23 we get our first pull back following the initial run. Some will take profits here, others may wait to see if it retests hod (high of day) and in this case it tries but ultimately fails (for now). Practically double tops and we get that long bearish candle on the minute chart. Most would take profits in this area (red circle) after failing to break hod. Even though SCKT ran to $35, solid profits were/could’ve been made on this play. This is a great example of a vwap play, many traders use vwap as an indicator and with that said, many use it to play off of. Let me know if you guys find this beneficial, if so I’ll do more like it.

We are here to help, it’s that simple. If you feel like joining our community of over 700 members, feel free to reach out to me @Daily_Dose_Trading on Telegram (free). I can add you to our chat which includes our alerts (free). If you found this post informative repost it for other to see and give it a like. Thank you all and stay green friends!

$Socket Mobile $Genius Brands $Ocugen Inc $Marathon Digital Holdings Inc $Riot Blockchain $Zomedica Corp $MicroVision $Churchill Capital Corp IV $Nokia $Bionano Genomics
MicroVision-0
Ocugen Inc-1
Disclaimer: The comments, opinions and analysis expressed herein are for informational and educational purposes only and shoulk not be considered as individual investment advice or recommendations. Webull is not responsible or liable in any way for comments posted by pur users.

Like

Share to:

Download the Webull App and join community for discussions about the post. Download

All Comments(11)

ram***com02/22/2021 04:23
Thanks for being in depth and using the timeline examples...how do we follow On telegram ...thnkx

Daily Dose02/22/2021 11:00

Download Telegram (free), send me a message (@Daily_Dose_Trading), and enjoy our free services!

Like

Stocktastic Trading02/20/2021 22:18
Great post and way to help the new traders!

Daily Dose02/20/2021 22:26

Thanks man!

Like

all***com02/19/2021 22:07
yes bomb ass info. I go back and review these all the time!!

Daily Dose02/20/2021 22:26

Thank you!

Like

jus***com02/19/2021 21:59
awesome explanation with detail and pics.. Keep it up

Daily Dose02/20/2021 22:26

Thanks! Will do

Like

slurpeechugger 02/19/2021 21:13
or just know what you buying for the long term take profits along the way?

s.l***com02/22/2021 04:12

You bought in at a great price! wish I had.

Like

slurpeechugger 02/19/2021 21:07
so did i do it right, i know its small but still

Like

230***com02/19/2021 21:06
nice info and strategy.

Daily Dose02/20/2021 22:26

Thank you!

Like

Mat***com02/19/2021 21:05
Hey, kick ass post.. Will hyu on telegram this weekend

Daily Dose02/20/2021 22:26

Thanks!

Like

Von02/19/2021 21:02
Im like a month into tradin good information but whats vwap?

Von02/19/2021 21:05

Thank you now it makes a lot more sense

GapperstocksLLC02/19/2021 21:03

Volume weighted average price. Its a trailing indicator.

Like

Prophet4Profit02/19/2021 20:59
Thank you for the time you spent sharing your insights 😊

Daily Dose02/19/2021 20:59

Anytime!

Like

bka***com02/19/2021 20:54
Yes!

Like

Hot Article
$KemPharm who loaded with me below 6, you are up 150%+, congratulations everyone who held tight and had diamonds 💎 hands ✋✌✌😎Stockdata 03/03/2021 09:17
New traders....

I post on this platform to help you learn. I teach by sharing their experience. I look into the psychology of trading. I can see volume, demand, as it happens.

Rule number one the 25% rule, so you have $1000 to buy X corporation, your first entry is when it dips on whatever day. You use $250. If the stock goes down 10% or more you average down with your second by at 25%. This allows you to average down three times. It’s extremely important if you want to be a profitable trader.

It’s a little different averaging down with options, same entry only on dips and only with 25% of your investment for that position. If your option drops 33% in value you can add a second position averaging down.

I teach many lessons to help those become better traders. I also share exactly what I’m seeing and I use a lot of visual tools and images to help show you all and help you learn.

Please give me a follow on Twitter

I am not a financial advisor, I’m a very smart individual that happens to be very good with patterns charts and numbers. I also know this is a tough time for all of us, and we are all trying to do the best we can. I believe in karma and I’m here to help.

As a play, I see bitcoin going to 53,000 by this weekend and 59,000 by March 12, meaning bitcoin stocks are in action

$SUNDIAL GROWERS INC. $NIO Inc. $Naked Brand $Castor Maritime Inc $Zomedica Corp $XPRESSPA GROUP $SOS Limited $Top Ships $WESTWATER RES

My Twitter handle is below, in addition I wanna give a shout out to @Stockdata Where is I look at the psychology of trading demand in volume this gentleman does research, analytics and his DD is off the chartsMatt 03/03/2021 03:31
$Rocket Companies these charts are for u $AMC Ent Holdg folks not goin nowhere amc Is trash both 3month chart wich looks more profitable.Fm8***com 03/03/2021 11:32