CLSK Trade on May 5, 2020 09:49 from _cup0fjoe: Tradervue User Stock Trades.

Took two losses already and just hopped in on this as the pattern that it was forming the first 15mins of mkt open looked exactly like a g&c reversal. It was beginning to perk and was getting FOMO of missing out on the potential spike/short squeeze. So I decided to chase. I know chasing sometimes is bad, but it's human nature to wanna chase. You fear that you will miss out on the potential rewards. But as always, chase ruins your r/r and you'll usually end up buying the top. I got out and then got a pullback. That pullback to where support was something new I noticed in the recent g&c reversals, as it went over/under VWAP. Despite this if I was looking at the chart with fresh lens, no plan of trading, I would have held more conviction to the chart developing as a potential long due to CLSK having the pullback but maintaining a higher low. That would have been a sign to enter with sound r/r as three higher lows were made or you can call it a a triple bottom along with the fact that it had a low float (3.2M). I will make a list of all the g&c reversals that worked and didn't work and try to see what similarities the big spikers had versus the all day faders mixed with random spikes/pullbacks.

[HINDSIGHT]: It's amazing how I was able to spot the pattern quickly

HINDSIGHT 5/16/20: CHASING. NO PLAN. REVENGE TRADING.