KODK Trade on Sep 16, 2020 10:00 from WuManChu: Tradervue User Stock Trades.

Idea, Entry, and Risk:

*Idea: FF vs Key Levels (after circuit halt up)
*Entry: Shy of key level 10, testing vs 10.20s
*Risk: 1:3,

Catalyst and News:

KODK's own lawyers stated that they saw no wrongdoing...which is no clearing of anything and another chance to get in short on what's already crowded.

Fundamentals:

It's KODK.

Technicals:

Morning circuit halt up after big P/M fails from the high 10s. Awaited another surge up during regular market hours and another chance to enter. Hit this before and until we get actual confirmation that the deal is back, it's been fade city on every swipe in the last two months.

Summation:

Opposite problem from usual: being impatient and getting out before the move continued:

Watched the circuit halt up this morning and was very much considering entering on the clear weakness after the halt opened back up in the 10.50s. Couldn't pull the trigger, so I sat on my hands and waited for the FF again.

Took 10s at the 9.90s, off a newsletter entry long, then 15 on what looked like weakness under the 10s again at 9.60s. Watched it go up and test just above the 10.20s, really considered adding but would rather wait and let it sit back down before I resized. Still working on sizing up.

Was informed of a "tape change", and remained very wary of the incoming action. Took off some at the 9.30s and then exited at the 9.60s retest. I've been burned enough expecting it to go back down again that I didn't want to deal with it, exited, and went to go take a nap.

Woke up later to the stock back down to the low 8s and shrugged it off. Rather wishing in than wishing out. Resetting for the next one.

Takeaways:

-If there was ever a breaking point for a lesson to hit home, it was today. Let a lack of sleep and poor morning really get to me today. Still more focused than the last several days, but I couldn't add size or enter on my gut when I should have. Better safe than sorry, but today was a trade that just flubbed into nothing.

-Intuition intuition intuition. Never a better reason for it. Trust and have confidence not when you think you have an entry, but when you can feel it. That's been the consistent factor in every trade you've hesitated on and watched the move go without you.