FCEL Trade on Dec 27, 2019 08:44 from MyTickers: Tradervue User Stock Trades.

FCEL

Technicals & Fundamentals:
Float - 193M IO - 4.7% Short Float - 12% Short
News 8:30am
Supports: .90/ .98, 1.08
Restistances: 1.40, 1.50, 1.65, 1.80, 2,10
Targets: 1.50, 1.65, 1,80

Trade Details: Entered after PR came out at 8:30 on the break of previous days AH highs. The stock was at previous days AH support area and bounced to resistance right after the PR came out about a project that the company is beginning commercial operation and supports achievement of key sustainability goals. The previous day was a muilti month breakout with volume causing the stock to close at 1.13, gap up and consolidate between 1.08 and 1.18 AH. When PR came out it jumped quick from 1.08 to 1.18 in a 3min candle quick. I put in an order at 1.20 and got filled when lots of buyers came in and pushed the stock to 1.40. My plan was to hold for the open and wait for more buyers to come in since i got it early. I waited for the open and sold into strength at 1.54. It topped out at 1.60 and washed out. I'm glad I stuck to my plan today. One Good trade.

My Mood Today and How I Dealt With It:
I was somewhat nervous, but excited and rested because i didn't have to go to work today and could watch the markets all day.
- I kept calm and quited my music so I could listen to myself and focus on my trade
- I drank some coffee and was home alone with no distractions.
- I really wanted to focus on being patient today and not overly excited to trade

Comments: I had an amazing entry that quickly started working for me. I had no reason to sell until I hit my target at the open drive. I wish I entered the trade with a bigger entry size but I felt i wanted to start slow, I haven't been around premarket trading in some months now. When I saw some buyers coming in after the PR i felt I just had to be in it so i entered quick but unfortunately with only a 1/4 size. I think I did a good job in identifying the momentum after the PR came out, i believe it was the right decision with good r/r.It was a good way to start the day.

What I Did Well:
- Read the tape accurately, saw previous AH support quick jump up to resistance with buyers coming in right after the PR came out.
- Quickly identified the PR
- Didn't hesitate to jump on the momentum on the first break of resistance with increaing volume.
- Recognized this stock was going to gap up for the open once the PR was released.
- Didn't give into the urge to get out right away and make money, I waited for the open and stuck to my plan with no reason to sell.
- Took profits; didn't hold and hope for too long after the open drive.
- I was conscious of my emotion and focused on making a good trade.

What I Didn't do Well:
- I didnt meditate in the morning to make myself feel balanced and better focused.
- I didn't read over my notes to prepare
- Didn't enter the trade with a bigger size when I had good conviction the PR would cause the stock to gap up and my risk was minimal.

How I Will Improve:
- I am going to make a timer to make sure I meditate early in the morning
- I'm going to create a list of my biggest trading mistakes and direct all my focus on fixing whichever one is most detrimental currently instead of trying to fix everything at once

Biggest weakness(es)/fault(s) on this trade?:
- Hesitation and not adding additional additional risk

How I will improve upon these:
- I am going to figure out how much size i should be putting into a trade compared to my risk. I need to work on my sizing and proper risk management to ensure i'm scaling in properly or sized right if its a one shot trade. I'm going to do some self work to make sure i have no hesitation knowing how much size i should have on a trade compared to my risk level.

How I'm Going to do More of What Worked:
- More early morning news scans because there's a lot more volatility and a higher chance of the stock going up significantly because a positive PR come out. I need to be ready and rested in the mornings and be first to catch the release.

Biggest Lesson(s) Learned:
- I have to be quick if i'm going to catch the momentum on the PR. It was good to see that the stock washed out right after a quick morning spike. This showed me that I should never over stay my welcome after my target has been hit on a plan.

What Else I Saw/Almost Traded Real-Time:
- I was watching this stock once I was in the trade but I was also watching NLNK to short at the open. I think this helped me stay in the trade longer but I should still be able to just watch and only sell until I have a reason. This is something I have to also work on, my patience.

I am a casino. I have a slight edge, therefore I will place little importance on the outcome of the next trade(s). The market is composed of a high degree of randomness and uncertainty. I am not in a battle with the market, the market is not against me - I am merely in a battle against myself whilst trying to navigate the markets