GME Trade on Oct 9, 2020 11:51 from beno: Tradervue User Stock Trades.

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beno

Fundamentals

N/a

Catalysts / News / Painting the picture

-Sep 16 2020: Many analyst upgrades this week due to good earnings last week
-Sep 22 2020: RC Ventures disclose 9.98% stake
-Oct 08 2020: Partnership with Microsoft

Technical Analysis

-SPY pattern: Consolidation
-Intraday pattern: Mountain
-Other notes: Big player selling today, lots of large order hits / market sweeps

Strategy / Confluence / Sizing Guide / Risk

Strategy: First test long of 14.2 level
Confluence: N/a
Strike Zone: 14.3 - 14.2
Sizing (lots + emergency): 250
Risk (stop / Rs): Hold below 14.2

Review / Lessons Learned

Took trade but saw the volume of that wash and I wasn't convinced that it would make a new HOD after that, so took it off small profit, was right call.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-10-09 11:51:15	GME	buy	$14.250	long
2020-10-09 11:51:15	GME	buy	$14.250	long
2020-10-09 11:51:15	GME	buy	$14.250	long
2020-10-09 11:52:52	GME	sell	$14.330	long
2020-10-09 11:52:52	GME	sell	$14.330	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=GME&trade=20192504&end=20201009122252&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=GME&trade=20192504&end=20201009132252&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=GME&trade=20192504&end=20201009160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=GME&trade=20192504&end=20201108&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

apache2a

2020-10-10 00:43:32

How important do you think the news/catalyst is for a very short term trade like this one?

beno

2020-10-10 15:08:54

News should always be taking into account as its part of the macro sentiment. But, that death candle pretty much did it for the remaining of the day, it was pretty significant in turning the stock around.