BYND Trade on May 30, 2019 09:41 from FrankDumaresq: Tradervue User Stock Trades.

BYND was on my watch list because it had a significant gap.

Entry = 5/5
At the open, BYND tested pre market high and clearly failed - 5m inverted hammer + obvious sellers on the L2. My initial entry was risking $200, I added risk when i felt confident the trade was going to work in my direction (r=500 after add-on, but i doubt I would've let it run to my full stop with my full size)

Exits = 3/5
I'm really unhappy with my misinterpretation of the price action after the initial flush. BYND is volatile and I was a little blinded by my emotion once I saw the PnL move quickly, I really wanted to avoid holding through a test of the pre market highs, I figured there was a possibility we could re-test those highs. I covered too many shares when we consolidated a the lows, this cost me a lot of PnL. The consolidation was clearly a LTF bear flag which deserved extra risk.

My reaction to the mistake was to cover the rest of my shares as intended, disregarding the insignificance of the size. I'm happy with the rest of the exits.