APT Trade on Mar 12, 2020 09:53 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

Profitable Building Material company in Canada. Makes face masks.

Catalysts / News / Painting the picture

-Corona virus sympathy because APT makes masks
-US to order 1 billion masks
-Yesterday: WHO declares COVID-19 as pandemic

Technical Analysis

-Intraday pattern: Gap and Crap
-Levels: 12, 13, 13.50, 15, 16, 17

Original Plan / Strategy

FT-15 long of 13.50 level with half dollar confluence

Review

I did the right thing by getting in but I FAILED TO NOTICED THE LACK OF BUYING PRESSURE AND THE CONTINUED SELLING, I SHOULD HAVE STOPPED OUT IN THE 13.30'S. Had tons of opportunity to make this loser smaller.

Lessons Learned:
1. If you notice extreme pressure, its better to scratch the trade and get back in when the bounce starts then to take a big loss further away!
2. Don't buy into a move that nobody else is buying! / Follow the market pressure.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-03-12 09:53:25	APT	buy	$13.600	long
2020-03-12 09:53:40	APT	buy	$13.520	long
2020-03-12 09:54:34	APT	sell	$13.020	long
2020-03-12 09:54:41	APT	sell	$12.820	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=APT&trade=13308010&end=20200312102441&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=APT&trade=13308010&end=20200312112441&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=APT&trade=13308010&end=20200312160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=APT&trade=13308010&end=20200411&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}