GME Trade on Jan 29, 2021 11:15 from WuManChu: Tradervue User Stock Trades.

Idea, Entry, and Risk:

*Idea: Continuation after previous day buying lockout, expected basing to go into continued squeeze or push
*Entry: 330 at base > breakout > higher low
*Risk: vs LOD (290s)

Catalyst and News:

Brokers allowing buying again after being locked out from GME and other high short%, continued social media sentiment.

Fundamentals:

Technicals:

Basing at 290s, looking for push into new momentum.

Summation:

Entered at the break away from the 290s base into more recent highs. Was expecting a push upwards and got it at least 1R up but didn't take any off, momentum petered off, fell back to new lows on the day. Out -1R.

Takeaways:

Don't forget to watch the tape, if it starts to turn, don't spend your time waiting for a reversal. Flat is better than out.

Execution detail:

Date/time	Symbol	Side	Price	Position
2021-01-29 11:15:44	GME	buy	$330.525	long
2021-01-29 13:33:41	GME	sell	$291.000	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=GME&trade=26796095&end=20210129141841&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=GME&trade=26796095&end=20210129160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=GME&trade=26796095&end=20210129160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=GME&trade=26796095&end=20210228&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}