MTP Trade on Aug 14, 2020 10:07 from beno: Tradervue User Stock Trades.

Fundamentals

N/a

Catalysts / News / Painting the picture

-Aug 14 2020: Announces Registration Statement Declared Effective: 2.5m ADS shares @ $2 and $6.25

Technical Analysis

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

Strategy / Confluence / Sizing Guide / Risk

Strategy: First test long of 3.9's
Confluence: N/a
Strike Zone: 3.9 - 3.7
Sizing (lots + emergency): 2000
Risk (stop / Rs): 3.42

Review / Lessons Learned

Got long then it swiped down to the 4.7's which was another good support, the obvious risk was below the 3.7 - 3.45 consolidation so thats were I risked, didn't even get that big and it was a nasty loss. Only trade today,after the week I had then after this being my first trade of the day I was pretty tilted and annoyed so I didn't trade for the rest of the day. Just kept an eye on the markets to stay up to date and to catch potential A+ setups. Gonna fund my TZ now and start shorting...

Lessons Learned: Don't long a stock that parabolic'ed into PMH (this could be a Parabolic Fade)