AMC Trade on Aug 13, 2020 14:05 from beno: Tradervue User Stock Trades.

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 short of 5.4 level
Confluence: 1minJL, Half $
Strike Zone: 5.4 - 5.5
Sizing (lots + emergency): 3000
Risk (stop / Rs): 5.55

Review / Lessons Learned

I took this trade because I was tilted and had just turned my green day into a red one. I was getting squeezed at first which got me to add before my 5.55 stop. I then noticed a huge sweep order pushing price back down from 5.5's to 5.4's, I added my final lot there and held. Bidders kept holding up the price at 5.38 so I scaled out 1 half lot at 5.39. Bids weren't going away and tape looked like it was turning bullish (this was also holding above VWAP) so I cut trade for a scratch. Again, I wasn't patient and got shaken out by the tape. Would have been a beautiful trade had I held...

Again, I probably shouldn't have taken this trade while tilted...

Lessons Learned: Have patience! You'll know the failure when you see it!