TL;DR
In this blog post, the author reflects on their trading day, specifically mentioning RIVN, which was on their PreMarketRVOL watchlist. Although they did not trade it, they noted that there was significant opportunity based on the levels they had drawn, highlighting a potential entry point and established resistance.
RIVN was on my PreMarketRVOL watchlist. I didn't trade it because I took a few other trades and then walked away for the day. But it had awesome oppurtunity on the levels I drew.
That circle would have been a great entry area. It was a higher low, and it had an established upper resistance level.... Would have been a great trade.
RIVN refers to Rivian Automotive, an electric vehicle manufacturer that is often monitored by traders for its stock performance.
PreMarketRVOL refers to the pre-market trading volume, which can indicate potential trading opportunities before the market opens.
The author chose not to trade RIVN because they took other trades and decided to walk away for the day.
The circle indicated a great entry area for a trade, representing a higher low and an established upper resistance level.
Traders can learn the importance of identifying key levels and opportunities, even if they choose not to act on them.
Portfolio(s): $25k Challenge, Swing Trading Momo, Day Trading Momo,
Portfolio(s): Swing Trading Momo, Day Trading Momo,
Learn more about trading journals and how to improve your performance:
Discover the 3 features that make a trading journal profitable: time savings, AI pattern detection, and free mentorship.
Download our free Excel and Google Sheets templates to start journaling today. Perfect for beginners!
Get a FREE 20-minute 1-on-1 onboarding call ($300 value) with every TradeJournal subscription.
