MVIS Trade on May 4, 2020 09:36 from _cup0fjoe: Tradervue User Stock Trades.

I said on my pm watchlist it was a short, but somehow I managed to to convinced myself to trade. I need to learn to stick to my plan. Theres no pt making a plan and then going the opposite of what you wrote. $MVIS was an OE as it was on its 4th green day. This was bound to attract shorts and sellers. And on top this wasn't even a low float, it had a float of 128M. A stock with that high of a float will need lots of vol to get any big spike. I did well respecting my risk lvl. I was really looking for a hold of 1 lvl. Didn't get it. On to the next.

[HINDSIGHT]5/9/20: Looking over how the chart unfolded and realizing that my entry was a stuff move. I was part of the crowd, the crowd that thought this was going to the moon. I saw a Sunday scan yesterday from IU and he mentions how 30 mins prior to mkt open he verbalizes his plan with the potential tickers he will trade as long as it does what he wants during the morning. Ever since he's begun doing tht he has realized that sometimes he begins to rationalize and then starts to trade something that was never part of his pm watchlist. And MVIS was something that I wanted to short and then found myself longing. The stock began to uptrend for the day, holding above that $1 key lvl, and holding strong towards HOD. These 3 things told me it was a good o/n. Of course it was Day 4, but the overall intraday volume surpassed the previous day's volume which meant this could spike more a/h....which is exactly what happened. OAS, WLL, MVIS have all taught me that I need to be more patient on trying to enter too early and really look at the overally picture of the trade to see if the factors line up for a potential o/n. On all 3 I took a lost...all I had to do was buy near the close.

[HINDSIGHT] 5/12/20: Another ticker to add to the list of great o/n holds for the month of April and May is MARK which just wouldn't break its uptrend.