SNCA Trade on May 15, 2020 09:09 from _cup0fjoe: Tradervue User Stock Trades.

entered pm which I don't do, but I had lots of conviction due to the key 1 lvl as well as the recent r/s 1:20. Up on earnings. Did spike once between today and r/s date, but finished red and slammed down. Float was 9M. The most recent 10-Q (today) showed shares outs.3.4M. Also searched for warrants and these were the #'s.

[5M at 1.14-1.23] [1.4M at 1.70-3.28] [200k at 6-7.82]

Knew there was selling pressure if price got between 1.14 and 1.23. The mistake I think I made was thinking the warrants became active if the price got there after the open. Since pm price already reached that lvl (

), for warrants to get active, just meant any spike would get slammed. I bought another 100 shares pm with 5mins till' close since I was liking tht 1 lvl hold. I accidentally bought 200 shares instead and told myself "I'm already big with size so I'll just hold." Mkt opened and got a drop, but reject and went to the upside. Look like it would break over VWAP(1.08), but got a slam back to 1 lvl. Broke below 1 lvl and ramped over it and bought more shares. Once we got past 9:45 and the stock was having trouble getting back to the highs and it broke below 1 lvl is when I decided to sell my entire position.

My stats told me Friday were my best trading days, but today turned out differently. The mistakes I learned from here was to not go bigger than my initial planned size and to downsize if I accidentally buy more. I got lucky it wasn't a major loss, but had this been a micro-float and I bought 3 or 5x my share size by accident and the stock pullback big....I could be left with a massive lost.
Something I noted was that volume was weak. The total vol never even reached the float and I have learned for these stocks to spike, volume is needed. The first 15-mins since mkt open the total volume intraday was hovering at 6M. Despite all the orders on t&s being traded the volume did not pass to 7M or 8M. This should have told me to just exit my position, but of course I was caught in my confirmation of a long bias and thinking waaaaay to much on the potential profit rather than the pattern/chart.

HINDSIGHT 5/16/20: TRADING PRE-MARKET. FAT FINGER MISTAKE. ENTERING BEFORE 9:45.

HINDSIGHT 5/28/20: It ended spiking massively on 5/21/20 with 126M volume traded the entire day. I looked at the morning 5-min chart and it showed the massive volume bars which is what I wanted on this day. Of course no matter what way I dissect this trade it was always going to be a loser due to the massive dumping of shares as well as shorts attacking this stock due to the SEC filing (dilution) on their side.