GME Trade on Jan 25, 2021 15:56 from WuManChu: Tradervue User Stock Trades.

Idea, Entry, and Risk:

*Idea: Intraday consolidation to continuation following days. 140% short float is absurd. One share on the insanity.
*Entry: Aimed for dips after the 160 para blowoff, missed entries, took EOD position.
*Risk: 1:10R+

Catalyst and News:

Hedges getting bent, WSB getting hype, me getting silly. Embrace the "chase".

Fundamentals:

Lol it's Gamestop, except a board restructuring and immediate debt taken on to fix the problem and Reggie Fils'aime on board to get things right. Who knows where this is going? All I know is that it's going stupid.

Technicals:

We were calling this since $5, even when it was said that the short float didn't matter. Not to fall to confirmation bias though. Holding strong on dips after flushes and lower highs suggests continued movement, especially in this market.

Summation:

A/H consolidation into slight gains. Who knows where it'll open tomorrow? Given the hype and the market, I'd be astounded to see this thing down.

Day2: Whoopdee fuckin' doo. Taking everything from Twitter and WSB and actual rooms with a grain of salt. It's an unprecedented event with no true guide. We're a long way from home. Keep your guard up all the time but don't stop what isn't working.

Day4 - Exit: Broker side stop after P/M falloff. Highest gains to date. Funny how that works, considering this isn't the first time on this ticker. I guess that's what it means to be familiar with it, or just lucky.

Takeaways:

Embrace the chase.

Have an exit plan. One share could very easily turn south on you when it feels like it.

WHERE'S YOUR EXIT PLAN STUPID. Nearly set a $500 limit but decided against it, closed out by broker side stop at the end. Truly considering getting back in tomorrow.