SPCE Trade on Feb 19, 2020 14:59 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
-SPCE has caught the eyes of many traders lately, also been in the news as the stock to beat TSLA's run

Technical Analysis

-Lots of fucking over in SPCE today as stock was making huge swings both ways
-Stock ended day making new highs in after hours trading
-Levels: 32, 33, 34.50, 35

Original Plan / Strategy

First Test long of 35 technical level with whole dollar confluence

Review

Was excited that this trade set up, had all fantasy orders in place below the 35 level. On the way down the stock bounced briefly from 35.20 so I put an order at 35.11 which got filled, it then bounced 30 cents from there so that was pretty much the trade and I took profits on only 1 lot. I pulled my fantasy orders below 35 because a bounce from 35.10 pretty much exhausts the level and a test afterwards isn't a first test.