LAKE Trade on Feb 27, 2020 10:52 from beno: Tradervue User Stock Trades.

Fundamentals

N/a

Catalysts / News / Painting the picture

-Company that makes medical protective clothing
-Coronavirus sympathy

Technical Analysis

-Strong morning but faded until late afternoon
-Ran up $4 in the afternoon, making bowl pattern
-Levels: 17, 18, 20, 21, 23

Original Plan / Strategy

First Test long of 20 by 19.50 morning consolidation zone

Review

The stock went WAY further than I anticipated. I did the right thing by starting with small size (only 50 share starter), would have been a red trade had I started with large size. I added 1 full lot before the 19.50 and the 19 levels. When 19 broke I was stunned because it didn't show any signs of strength inn this area. I wanted my last add to be in front of where the buyers were so I waited to see where the support was. When I noticed buyers at the 18 level from pre-market I added my final emergency lot which ultimately made my trade green. Very nasty move.

I sold one lot when stock was above 19, to reduce my risk in case of further down, it went up another 30 cents and I was too emotional to hold any longer so I took the money and ran...

Lessons Learned: Always leave room for an emergency add / lot!