XPEV Trade on Nov 12, 2020 09:52 from WuManChu: Tradervue User Stock Trades.

Idea, Entry, and Risk:

*Idea: Overextension after gap up into weakness and FF
*Entry: Under Key Level 34.50
*Risk: 1:3, starter vs HOD

Catalyst and News:

N/A

Fundamentals:

21 cents under estimate and negative on earnings. Never a good look.

Technicals:

P/M gap up into ATHs with fails afterwards and fades into open.

Summation:

Watched price drop under VWAP and Key 37.50s after the morning emotion faded off, and clip the 36.50s ceiling a few times. Took a small size and kept stop near the HOD (about a dollar away). Knocked against it a few times and then went right up and off after basing at VWAP. Small loss but bigger than it needed to be.

Takeaways:

-What did I just say about letting other people find the top? WAIT. It's astounding that this is still a problem and that it became a habit to start with. Needs to be quashed.

-Ended up ignoring the tickers I had planned for, but those didn't go according to plan either. DON'T IGNORE other tickers in the sector. NIO, LI, PLUG, etc. This could have gone way worse.

-I've lost count of how many times I've witnessed a company with a weak earnings report and then watched it go up all day. Is this the "buy low" mentality on steroids, or am I missing something else important here?