SPCE Trade on Feb 10, 2020 12:36 from beno: Tradervue User Stock Trades.

Fundamentals

New company focused on long term growth in space exploration, no revenues, pure speculation.

Catalysts / News / Painting the picture

-Recent Conference news
-Up swing fueled by below Dec 10 2019 Morgan Stanley comments:
-Morgan Stanley Bullish On Virgin Galactic, Says Space Tourism Is Incubator For Hypersonic Travel

Technical Analysis

-Bullish PA all day, with exception of sweep seller from 12:27 to 12:36
-Levels: 19.50, 20, 20.50

Original Plan / Strategy

First Test long of 20 level

Review

Had fantasy orders ready to scale below 20 level. Noticed 2 sweep sell orders at 12:27 and 12:30, third sweep sell order filled all my lots and swept til 19.50. After reviewing my tape recording I noticed that it only swept til 19.85 but there was a single print in there at 19.50 which made the chart look more bearish then it actually was. The price stayed near 19.80 - 19.90 after last sweep but I scratched all lots in case the seller wanted to sweep fill again, move was very bearish but market kept buying regardless.

Lessons Learned: When orders get filled by sweep and candle wicks lower then current bid/ask prices, don't panic and watch tape to see whether you should exit or not.