ABNB Trade on Dec 11, 2020 12:01 from Leon64: Tradervue User Stock Trades.

Target: $152 | 1:1 R:r
Risk: $800 vs. $149
Fuck Up: Ended up losing $1500 from trying to calculate share risk from my head to speed up my thought processes and not double checking. Just a stupid mistake.

Setup: Recent IPO, broke out of prior flag, and was setting up. The only problem was the stock was acting funny all day and the market wasn't helping. If you check the 5m, it stuffed 6 times before I went in. These two things should have been enough to convince me not to play this and especially the Risk to Reward being nothing.

Cons:
1. I was trying to calculate risk quickly in my head and fucked up the math. I risked way more than I wanted to and I didn't double check the math.
2. I didn't set a stop immediately after I went in which was stupid.
3. The thing tanked immediately and I panicked out at the bottom like a chump. This worked out, but I should have at least waited a little to get out at a better price.

Note: I developed a new strat called the 7 Stuff play after this.
Note: The market is changing.
Note: I remember my first mistake with TCNNF was for about the same amount of money and that was even more stupid. Hope it doesn't happen again.

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