FE Trade on Jul 24, 2020 10:05 from WuManChu: Tradervue User Stock Trades.

Idea, Entry, and Risk:

*Idea: FF vs highs of day and previous day, carryover news
*Entry: Limit 28.80
*Risk: 1:3, 40P:120P

Catalyst and News:

Followup on massive bribery allegations
Higher than expected earnings
(News post entry):
-News today on compliance with investigation into company
-Executive statement denying allegations

Fundamentals:

Honestly, good market cap, income and sales, and the result should have been pretty apparent.

Technicals:

Grinded upwards in the morning after yesterday's rise and fall, with the same fails at the 28.80s.
Bounced off support at 28.40, failed twice at resistance at 28.80.
Expected Failed Follow through setup here, despite the grind up afterwards, due to lowered volume and lack of interest after the massive moves from two and three days ago.

Summation:

I still think the idea was good based solely on the technicals on the entry, it's what came after where I flubbed it.
The idea was that the news itself presented a sentiment which I figured most would consider positive, but could also be viewed as negative (willingness to comply to investigation). Saw several large sell heavy candles and despite the gradual uptrend after my entry, the sells were so heavy that I figured a breakdown back to 24.40 would eventually occur.

I was being stubborn and blinded to the shift in tone due to my position, which is a common issue. My size was small, but while I did have my finger ready to cover, I flubbed my stop setup and got out a bit later than I had hoped, and covered right before a pullback.

Takeaways:

It's been said to myself multiple times before, but wait for the backside. It's easier to do, less stressful, and more profitable.
There were ZERO new lows and while the bigger picture was still pretty down, the immediate moment was screaming reversal. Don't get blinded.
Plenty of other moves today I considered, especially MIST, ABUS, and ENT. Be sharper next time.
I also broke morning routine today, so no more of that. No excuses.