KODK Trade on Sep 9, 2020 09:58 from WuManChu: Tradervue User Stock Trades.

Idea, Entry, and Risk:

*Idea: SS - FF on Swipes up
*Entry: 6.25 vs HOD
*Risk: 1:3 (6.50s vs 5.50s)

Catalyst and News:

Random Swipe on ticker known for several dead cat bounce attempts after the falling out of the federal loan in the end of July. Wasn't sure what the other side of

Fundamentals:

N/A

Technicals:

Series of dead cat bounces continuously failing and repeated fails vs previous highs. No brainer.

Summation:

Despite the short float, its done this dance several times. Swipes, likely from covers or somebody trying to dead cat bounce again. Not particularly close to previous resistance levels, given the range. Large bids and equally large asks, but the range was tiny and the lack of any news or catalyst gave me upmost confidence that it would drop.

Entered as it stayed heavy after the first swipe. Took only 25 shares, then another 25 as it got a bit heavier. Avoiding higher size for a while due to only having just broken a streak. Focusing on smaller targets for now.

Saw the second pop up to 6.40s, didn't hit anything there as I wanted to wait to be proven right first. When it failed to the 6.10s then I watched and waited for it to fade for rest of the day. The second hit up to 6.10 would have been a good add, but I had to leave for work. Set stop and left.

EOD, saw the final fails at 5.78. Covered half there and then waited for some more action if it would actually break down, but considering the level of bids and lack of range on the day, I figured it'd be best to move on. Saw a small rip back up towards the 5.90s and then took off the rest at 5.85, but got a fat-fingered discount and accidentally added to my position again, burning my last day trade for the week.

Small win near daily goal target, just a bit agitated about the missclick.

Takeaways:

-**Get more sleep**: Mistakes get made. Sometimes they hurt more than others. I'm not sure which hurts more: losing the chance at more opportunities until next week, or losing money. Probably the latter once I can actually size up.

-**Be more confident in plans using P/M action and big picture ideas**. KCAC and NKLA were both on my morning watch. KCAC I believe I had the blinders on for less of a big-picture idea and missed the secondary move I had been looking for since last week. NKLA was at somebody else's suggestion so it was a watch, but could have easily been an entry.