NKLA Trade on Jul 2, 2020 11:53 from TheScalpman: Tradervue User Stock Trades.

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TheScalpman

 

2020-06-14 15:53:28

Bit of a disaster

I was eyeing this up for a short but dont take it cos i dont trust it to go down

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then out of no where it pumps and goes all weird.

around 2 mins later i hear the news on TTN
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11:53NKLA Founder Milton tweets: "$5,000 #nikolabadger deposit package sold out."Note: The Badger more... - Source TradeTheNews.com**

So cos ive had a few good trades up to now, i think this is great news and im going to hit it for 400.
i can see all the dollar bills im going to make
this is going to be great.....!!!

once im in im not liking it
not liking it at all
400 is way too big if this goes wrong
so i take off 200

then i give it 5 more mins and im not liking it.
for starters it goes down instead of up!!!
so i get out and take the loss.
ive clearly got the direction wrong..

If im going to take anything positive out of the trade its at least i could cut my losses.

but i made a balls of it.
i was way too quick on the trigger.

also if i check the news i would have see this was kind of expected and its a sell the news moment, 10 mins before i wanted to short it cos it looked weak.
NOTHING CHANGED

06/2907:05NKLA Confirms pre-orders for Badger open on June 29th-- Nikola World 2020 is December 3-5, 2020 -- Preorders secure a Nikola World 2020 ticket more...

All i had to do was step back and see what happens and follow the PA.

then 20 mins later i hear MRNA Breaking news and cos of this loss i dont take it and it drops $4

shame!!


Execution detail:

Date/time Symbol Side Price Position
2020-07-02 11:53:39 NKLA buy $63.150 long
2020-07-02 11:53:43 NKLA buy $63.250 long
2020-07-02 11:57:42 NKLA sell $62.810 long
2020-07-02 12:02:38 NKLA sell $62.015 0


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