SGBX Trade on May 5, 2020 09:45 from _cup0fjoe: Tradervue User Stock Trades.

After taking a loss in the morning I decided to trade something else. I knew SGBX was just a terrible opportunity to long. Even if I took a win I know it would have been luck. I noticed the spike and got the feel it could run again. It then had a hard pullback erasing that initial spike. It got another spike (smaller than the first one) and of course it pulled back. Had I gone in with no bias, knowing they had an offering of 3.76M I knew it was a great chart to short. A small loss because of the size, but just a trade I could have avoided overall.

[HINDSIGHT][5/6/20]: realized that the daily chart had resistance and usually stocks can't get to where they spiked before. SGBX spiked from 2 to 9s in the beginning of April meaning that there are lots of bagholders. And on top of that the offering meant that there was going to be lots of selling pressure during the first 15-30mins of trading this. It's amazing, the losses really teach you a lot of things you should avoid.