LK Trade on Feb 4, 2020 10:17 from beno: Tradervue User Stock Trades.

Fundamentals

N/a

Catalysts / News / Painting the picture

-Muddy Waters Research reveals short position after reading report that LK is fraud
-Report can be found here - in depth 89 page report:

Technical Analysis

-OD down to $33, bounced and formed nice resistance level at 34
-Morning was very choppy but 34 still clear resistance
-Uptrend all day after break of $34

Original Plan / Strategy

First Test Long of 34 level, confluence whole dollar number

Review

Lessons Learned: Realized today with this trade that I've been mixing strategies and trying to hold for a bigger move with my scalps when in reality a scalp is a scalp and thats it. In hindsight its an obvious hold for bigger move but I was treating the risk on the trade as a scalp (if 34 broke) so instead of guessing whether or not I should hold, the scalp should entail getting all out on the first significant bounce. If I want to take a shot at capturing bigger intraday gains then I should look to employ a different strategy with adequate risk with longer holding times.