$Roblox Corporation(RBLX)$ - Showing a similar extended base structure and YoY quarterly sales growth to $Toast, Inc.(TOST)$ $GitLab, Inc.(GTLB)$ $Veeva(VEEV)$ $Upstart Holdings, Inc.(UPST)$ in Tech sector.
Many of these names have bases extending beyond 2 years. If they’ve truly bottomed out, there’s still opportunity, even with UPST. A more favorable risk-reward entry would be to seek an opportunity in pullback forming a wedge or flag structure, setting up for a VCP-based entry with high RVOL imho.
The key is achieving the tightest entry (relative to larger position sizing) and then trailing down from the 10-MA to the slower 20-MA for this type of play to make a significant impact on your account equity growth.
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When you're right on a trade, focus on studying how to maximize the impact and account growth that result from it. This should be a key area of focus when reviewing your winners in your playbook or journal. Building the ability to size positions based on conviction, setup or entry quality has a greater impact on equity growth than simply expanding technical analysis knowledge, in my opinion.
A 4R winner from yesterday could have been a 10R winner with a few simple adjustments based on your existing non-discretionary entry rules. This could also be a adjustment from initiating deep diving into the entry/stop/sizing/risk statistics within your traded journal entries.
Flipping charts is the simplest and easiest part of daily process, but sustainable trajectory in your account growth it will never come from more hours of studying technical indicators or unearthing chart pattern.
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