AMC Trade on Aug 13, 2020 13:39 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

N/a

Catalysts / News / Painting the picture

-Aug 13 2020: Plans Aug 20 reopening to celebrate 100 year of operations

Technical Analysis

-SPY pattern: Mountain
-Intraday pattern: Mountain
-Other notes: N/a

Strategy / Confluence / Sizing Guide / Risk

Strategy: First test long of 5.5 level
Confluence: Half $, 1min-JL
Strike Zone: 5.5 - 5.4
Sizing (lots + emergency): 3000
Risk (stop / Rs): 5.33

Review / Lessons Learned

Got to full size when I saw support keep holding, but tape never opened up and it stayed heavy, tried to read tape to anticipate the failure and I cut it for a loss, stock then ripped up to 5.54 which would have provided me an opportunity for a small win but it then proceeded to stuff and dump very heavily. I had the right idea to cut but I wasn't patient enough!

Looking back I shouldn't have taken this trade because it was too top heavy and the selling volume was very symmetrical on the way down meaning sellers were in control.

Lessons Learned:

Have patience! You'll know the failure when you see it!
Don't long something that is top heavy around mid-day!!!!

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-08-13 13:39:08	AMC	buy	$5.480	long
2020-08-13 13:39:08	AMC	buy	$5.477	long
2020-08-13 13:39:08	AMC	buy	$5.480	long
2020-08-13 13:39:08	AMC	buy	$5.480	long
2020-08-13 13:39:08	AMC	buy	$5.475	long
2020-08-13 13:39:08	AMC	buy	$5.478	long
2020-08-13 13:39:08	AMC	buy	$5.480	long
2020-08-13 13:39:08	AMC	buy	$5.477	long
2020-08-13 13:39:15	AMC	buy	$5.487	long
2020-08-13 13:39:15	AMC	buy	$5.490	long
2020-08-13 13:39:15	AMC	buy	$5.490	long
2020-08-13 13:39:15	AMC	buy	$5.490	long
2020-08-13 13:39:15	AMC	buy	$5.500	long
2020-08-13 13:39:15	AMC	buy	$5.500	long
2020-08-13 13:41:57	AMC	sell	$5.475	long
2020-08-13 13:41:57	AMC	sell	$5.475	long
2020-08-13 13:41:57	AMC	sell	$5.471	long
2020-08-13 13:41:57	AMC	sell	$5.470	long
2020-08-13 13:41:57	AMC	sell	$5.471	long
2020-08-13 13:44:14	AMC	buy	$5.490	long
2020-08-13 13:46:37	AMC	buy	$5.450	long
2020-08-13 13:51:47	AMC	buy	$5.480	long
2020-08-13 13:51:47	AMC	buy	$5.480	long
2020-08-13 13:51:47	AMC	buy	$5.490	long
2020-08-13 13:51:47	AMC	buy	$5.490	long
2020-08-13 13:53:27	AMC	sell	$5.415	long
2020-08-13 13:53:27	AMC	sell	$5.410	long
2020-08-13 13:53:27	AMC	sell	$5.414	long
2020-08-13 13:53:27	AMC	sell	$5.415	long
2020-08-13 13:53:27	AMC	sell	$5.410	long
2020-08-13 13:53:27	AMC	sell	$5.410	long
2020-08-13 13:53:27	AMC	sell	$5.415	long
2020-08-13 13:53:27	AMC	sell	$5.412	long
2020-08-13 13:53:27	AMC	sell	$5.410	long
2020-08-13 13:53:27	AMC	sell	$5.414	long
2020-08-13 13:53:27	AMC	sell	$5.410	long
2020-08-13 13:53:27	AMC	sell	$5.410	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=AMC&trade=18515563&end=20200813141827&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=AMC&trade=18515563&end=20200813152027&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=AMC&trade=18515563&end=20200813160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=AMC&trade=18515563&end=20200912&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}