SPCE Trade on Feb 14, 2020 10:57 from beno: Tradervue User Stock Trades.

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beno

 

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 all day, above VWAP all day, new ATH's
-Levels: 25.50, 26.50, 28

Original Plan / Strategy

First Test long of 25.50 level with half dollar confluence

Review

Entries were good, one fantasy and one manual, should have taken the 30 cents on all my shares when it popped to the 80s, I instead took less when the stock pulled back to the 60s as I didn't want to take less than 10cents of profit on the lot.
I still need to work on managing my positions, a 30cent move for a scalp is great, would have been better if I took it with full size!


Execution detail:

Date/time Symbol Side Price Position
2020-02-14 10:57:02 SPCE buy $25.580 long
2020-02-14 10:57:04 SPCE buy $25.560 long
2020-02-14 10:57:33 SPCE sell $25.850 long
2020-02-14 10:58:57 SPCE sell $25.640 0


Comments

2020-02-15 10:59:55
 

Nice buy on the pullback against the half dollar.

2020-02-15 11:28:44
 

Thanks, this was an A+ setup for me but I didn't get as big as I wanted and I should have took it all in the 80s, lessons learned :)

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