MYOS Trade on May 8, 2020 09:34 from TheTapeTrader: Tradervue User Stock Trades.

1.Trading Thesis & Trading Plan
Pre-Market gapper on good earnings released the previous day. I noticed on daily that biggest days (with largest range) the stock went up before crashing down. I decided entry point was $1.28, but then chart weakened below this. I decided if I entered lower it would need to be quick trade as risk reward diminishing.

2.Trade Execution and Management
Very slow tape. Action was in small bursts. The price 'hung' at $1.25 and I entered at $1.21 when I saw drop. Level 2 bids were thinning. I exited at the bottom rather that waiting to see what happens. I missed the crash a couple of minutes earlier but no regrets as I was not comfortable with the price action on the tape. Great Trade!

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-05-08 09:34:20	MYOS	sell	$1.210	short
2020-05-08 09:34:20	MYOS	sell	$1.210	short
2020-05-08 09:34:20	MYOS	sell	$1.210	short
2020-05-08 09:34:20	MYOS	sell	$1.210	short
2020-05-08 09:34:20	MYOS	sell	$1.210	short
2020-05-08 09:34:20	MYOS	sell	$1.210	short
2020-05-08 09:34:20	MYOS	sell	$1.210	short
2020-05-08 09:34:20	MYOS	sell	$1.210	short
2020-05-08 09:35:37	MYOS	buy	$1.170	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MYOS&trade=14524209&end=20200607&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275&study1=vwap(none)&study2=ema(20)');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MYOS&trade=14524209&end=20200508100537&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275&study1=vwap(none)&study2=ema(20)');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=MYOS&trade=14524209&end=20200508110537&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275&study1=vwap(none)&study2=ema(20)');}

MYOS Trade on May 8, 2020 09:34 from TheTapeTrader: Tradervue User Stock Trades.

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