RE:Potential Bull Trap Just hold and wait for the big money.
I don't know any day traders who are rich. Sure, they may make a few thousand here and there but it's my experience they are always out of the stock waiting for a pullback when a real permanent run upwards occurs.
Once they miss the run, they never get back in because psychological they can't pay higher than they last sold for. Thus, they miss it going to new highs.