Day 21 Trading with Ricky

TRADING JOURNAL

2/20/20241 min read

Day 21


Today, Ticker SPRC had a significant increase in value (thanks to @Hennesy's for the morning heads-up). After a brief dip and a short consolidation phase, I happened to be monitoring the stock and saw Hennessey's signal at $10.20, coinciding with a surge in trading volume. This resulted in a quick two-candle play.

One trend I've noticed is that many of the major gainers experience a temporary dip for a few candles before consolidating to establish a new support level, followed by another upward movement. This resembles @RG's traditional pullback strategy but occurs over a longer timeframe. If this trend persists, I might consider incorporating it into my strategy in the future.