LTHM Trade on Oct 6, 2020 11:24 from Steve_Trades: Tradervue User Stock Trades.

This would be my best out of a handful of trades today on LTHM. Pulled out about $0.17 on this short. Took 2 lots on my first execution, and added one last lot very shortly after when the trade immediately moved my way. Covered 3 individual lots through the flush. Each cover at a slightly better price. Missed the bottom by about $0.06.

Key factors I used as confirmation to take the trade:

1) Stock was in a general downtrend for the day
2) Lower highs on the 3 run-ups to the trade. (descending triangle forming)
3) Stock was mostly trading below VWAP except for the 3 failed breakouts
4) Stock priced breached the 9 & 20 EMA just prior to taking the position on the 1-min
5) 9EMA was crossing below the 20EMA
6) SPY was flushing to LOD levels at the same moment.

I paid more attention to the SPY correlation as an added signal compared with previous trades. The concurrent flush on the SPY definitely gave me confidence to take this trade. The SPY also helped me to avoid jumping into some trades today as it was moving opposite to what my trade idea was a the moment.