My trading strategy is finding a company that has less than 10 million shares available to trade stocks that are currently five times relative volume five times above average volume. The stocks are already up more than 10% on the day. The stocks I purchase are between two and $20, I buy my stocks typically at 9:30 AM Eastern standard time and ride the first wave of momentum. But I always seem to have too early of an exit. on the pullbacks I tend to miss the signs that show If the stock will become bull or bearish

Based on your trading strategy, it appears that you are focused on capturing momentum in high-volume, high-priced stocks. Here are some potential issues you may encounter when using the chandelier exit:

1. Inaccurate Timing: The chandelier exit is designed to identify potential reversal points, but it may not always be accurate. If the exit is triggered too early, you may miss out on further gains. If it's triggered too late, you could face significant losses.
2. Market Volatility: High-volume stocks can be more volatile, and sudden price changes can lead to false signals from the chandelier exit. This can result in premature exits or missed opportunities.
3. Lack of Diversification: Focusing on a small number of high-priced stocks increases your exposure to any given stock's performance. If one stock fails or underperforms, it can have a significant impact on your overall returns.
4. Emotional Trading: The desire to maximize gains can lead to emotional decision-making, which can result in holding onto losing positions or exiting winning ones too early.
5. Insufficient Data: The chandelier exit relies on historical price data, which may not always be indicative of future performance. Market conditions can change, making it difficult to predict future price movements.
6. Trading Costs: High-frequency trading can incur significant trading costs, which can eat into your returns. It's important to consider these costs when deciding on an exit strategy.

To address these issues, consider implementing a more disciplined approach to trading, such as setting predetermined exit targets based on technical analysis or adjusting your strategy to better align with the stock's overall trend. Additionally, consider using risk management techniques, such as stop-loss orders, to protect against potential losses.