SVRA Trade on Dec 30, 2019 15:52 from MyTickers: Tradervue User Stock Trades.

SVRA

Technicals & Fundamentals:
Float-202M IO-43% Short Float-12% Short ratio-.6 ATR-.4
News x4
Supports: 4.55, 4.20, 4, 3.70
Restistances: , 6.50
Targets: AH, PM

Trade Details:
Entered after seeing a lot of buyers coming in the L2. The stock reclaimed VWAP and continued to the hod with increasing volume within 45 min to the market close. This caused me to think the stock would continue a squeeze into AH. It was a quick decision but i made the plan to enter at 4.83 after breaking PM highs. The better entry would've been at the first pullback to 4.50s but i hesitated and wanted more confirmation. The stock had a multi month breakout and a nice gap to fill to the next long term resistance level. AH the stock started to pull back towards 4.50 again but didn't crack below. The stock had 3 news releases in the am. I didn't read them before I entered the trade and I wanted to catch up on the stock. At 19:25 i saw the stock consolidating and not going up any higher so i decided to take profits. My plan was to hold into AH or PM, I decided with AH. I'm glad I stuck with my plan. One good trade.

My Mood Today and How I Dealt With It:
I was somewhat rushed today, I had a busy morning
- I kept calm and started to try to listen to myself and focus on what was in play for any afternoon trades.
- I ate some lunch but was not home alone and had some distractions around me.
- I really wanted to focus on being patient and look for the right trade and not get overly excited to trade.

Comments:
I think my entry could've been better but i was also watching NIO. I usually don't like to buy breakouts but this looked like it was squeezing to AH. There was a lot of buys covering and SSR was on. within 45 min it gained volume and a strong close. I had a 1/2 size because my risk was larger and I wanted to give it some room. I think I did a good job identifying the squeeze and just taking a meat of the move. I hesitated at first but glad i entered the trade with a plan. I was telling myself this was going to squeeze from the 3.80s but I was too distracted with NIO which was not even worth my time. I need to work on prioritizing the best stocks in play earlier.

What I Did Well:
- Read the tape accurately, saw buys coming in and all the short sellers covering
- Quickly identified a squeeze in the stock and made a plan to make a trade
- Didn't hesitate to jump on the momentum once it broke PM highs with volume and a push into AH
- Recognized this stock was going to gap up AH and possibly PM
- Didn't give into the urge to get out right away and make money, I waited for a reason to sell
- Took profits; didn't hold and hope for PM.
- 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
- I hesitated to enter the trade once on the first pullback hod risk, I waited for more confirmation this was squeezing to hod eod. If I entered on the first pullback of the squeeze I would have added more size because of my lower risk.

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
- I have to work on identifying the best stocks in play and not waste my time with bullshit.

Biggest weakness(es)/fault(s) on this trade?:
- Hesitation into entering earlier and not recognizing this was a better stock to watch once it started to squeeze.

How I will improve upon these:
- I will be more conscious of the stock i am in and ask myself if this is the right stock right now. I will continue to act when i see an opportunity in the market. I also need to pay attention to levels where i could also add to my risk. When the stock dipped back to the 4.50 I could've added with lower risk.

How I'm Going to do More of What Worked:
- I am going to continue to scan for late day short squeezes and take the meat of the move. Once i see an opportunity i need to quickly make a plan and execute, if the trade is not working i need to get out and move on.

Biggest Lesson(s) Learned:
- I have to be quick if i'm going to catch the momentum on the squeeze. It was good to see that the stock did what i expected but i have to always be ready to be wrong. This showed me that i can accurately identify squeezes late day and make a plan to profit.

What Else I Saw/Almost Traded Real-Time:
- I was watching this stock while I was trading NIO and it took from my focus of recognizing the squeeze starting earlier. I have to ask myself am I in the right stock right now? Once i decided to cut NIO and trade SVRA it turned out to be a one good trade.

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