BYND Trade on May 7, 2020 07:49 from beno: Tradervue User Stock Trades.

Fundamentals

N/a

Catalysts / News / Painting the picture

-April 24 2020: Beyond Meat heads to China as plant-based protein continues to grow, with a little help from COVID-19 outbreak
-May 05 2020 AH: Earnings - 3c vs -7c expected / Revs up 141% Y/Y

Technical Analysis

-SPY pattern: Consolidation
-Intraday pattern: Bowl
-Levels: 122, 125, 127.5

Strategy / Confluence / Sizing Guide / Risk

Strategy: FT-15 long of 125 level
Confluence: Whole $, "Gap Fill" (see review, was wrong about this)
Sizing (lots): 4
Risk (stop / Rs): Hold below 125, emergency add till 122

Review / Lessons Learned

First trade of the day and first loss, not good for mindset. It cut through 125 level like nothing so added emergency lots. Took the profits that I could on the pop. doesn't make any sense that I used the "gap fill" confluence in PM because gap fills are only relevant during regular hours...

Lessons Learned:
1. Don't size up in PM / AH, use half size!
2. Gap Fill confluence doesn't apply in PM / AH, don't use it in that circumstance!