LMND Trade on Dec 17, 2020 09:44 from spyrosz: Tradervue User Stock Trades.

Very choppy, spready and difficult trader.

Daily chart just a beauty. LMND consolidating for a week just below R1=ATHs=$96.5, and R2=major psychological milestone=$100. Great potential here, if it broke and held above R2=$100.

Opened right in-front of R1=ATHs=$96.5, dipped below the level but got bought quickly. Reclaimed R1=$96.5 and pushed all the way to R2=$100.

Bought filler size the moment I saw it curling back up reclaiming R1 and breaking thru VWAP, risking LOD=$94, expecting some type of consolidation closer to R2 and an explosive move higher.

Tested and rejected R2, did a pullback all the way to R1, during which I added Tier 0 thinking what a market gift, tightening stop to R1=$96. Added Tier I once it reclaimed VWAP and started holding above it as support, tightening stop even more to $97.

Sold small at the 2nd retest of R2=$100, and sat tight to watch price.
Very tight consolidation below R2=$100 for approx. 30mins, and I decided to add momo tiers, risking VWAP as stop for the entire position, expecting the immediate trade resolution here..

Broke the intraday uptrend, flushed to VWAP and got my ass kicked in what it could have been a nice trade.

MAJOR MISTAKE TO REVIEW AND ADDRESS
-- Cannot mingle the position tiers with the momo ones. Entries with fundamentally different logic and trade parameters.
-- Position entries are vs the proper ultimate technical stop of the trade. As long as price trades away from that stop, my thesis/idea remains legit/valid and this size is ON!
For example, in this trade, proper technical stop=$94, updated to $96, and then $97.5s which never got triggered and it would have held me inside.
-- Momo entries are vs latest support/resistance pivot when I demand quick trade resolution from the market. Stops here are way more tight.
For example, in this trade momo stop=$99-99.5 that got triggered and would have cut the two momo tiers..