SPCE Trade on Dec 14, 2020 10:14 from spyrosz: Tradervue User Stock Trades.

News: weekend test flight was aborted mid-flight.

Gapped down BIG! premarket, below R1=recent break-out level=$29 that led to big rally up to $36. The buyers above $29 feeling the pain. Ouch:/
Short float=20-25% was considerable, so fading it could be tricky at least at the open.

Premarket plan was to get "short" at the opening drive to R1=$29 as the short float was taking profits, risking 1% of price above the level, expecting "trapped" longs at higher prices to unload/trim, and a "Desc. Triangle Support Break" of S1 type of pattern.

Didn't try short the 1st pop at $28.5, got short Tier 0 at the 2nd pop to $28.8s, risking above R1=$29, pressed lower at it started to roll-over, wanting to see a quick move lower and VWAP break in order to add more.

Couldn't even get to VWAP or the asc. support trendline. Put a higher low and started crawling back higher. I thought shorts were still taking profits, so I trimmed the two lower-adds as it popped back towards R1.

Put a lower high, flushed to VWAP, weak bounce, broke and held below. Momo sell-off all the way to S1=premarket low=$26.3s where I covered whatever size I had.

(-) Terrible trading. Unacceptable. Not happy at all. Am I some kind of charity leaving $$ on the table??
-- Lower high at $28.75s, followed by break of intraday trend + quick flush to VWAP. No reload here, risking HOD??
-- Weak VWAP bounce, 2nd lower high. No reload here, risking the previous lower high??
-- Break below VWAP, remained weak, flatline super-tight action. No momo tiers?? That's A+ setup!!