CTRM Trade on Feb 9, 2021 14:21 from WuManChu: Tradervue User Stock Trades.

Idea, Entry, and Risk:

*Idea: Movement upon $1 breakout and squeeze
*Entry: 1.10
*Risk: 1:3+

Catalyst and News:

Feb 3rd vessel acquisition and push, 13G yesterday

Fundamentals:

n/a

Technicals:

Above 1.10 support, increased S%, going up.

Summation:

Entered on weakness EOD yesterday, holding through to see how it reacts to resistance.

UPDATE: Pushed to nearly 2s, still not at price target but realizing the move was pretty substantial. Took off 50 today (2/12) around the 1.40s to account for weakness. Market small-caps took a dive yesterday. Still holding the rest. Volume is still very high and is staying at a moderate level. Shorts still seem to be piling on the levels, but there's no guarantee it's going to run. Just be patient but be ready to take off more.

UPDATE 2/16/21: Took off a full 100. Wasn't liking the downwards descent it was giving me in the morning. Still consolidating a bit near the end of the day, but nothing strongly suggests that it's going to turn. Maybe the peak, consolidate, and go pattern is in the works. Not sure yet.

UPDATE 2/23/21: All out for now. Big market red day. Up a chunk but a lot left on the table. Since it retested the original breakout resistance line (after finally cracking the 1.10 support), there's a possibility of reentry if it firms up, but with the heavy consolidation given the volume, I'd like to see it trend a bit more considering it's been downwards since the highs.

Next time I won't be so dumb and I'll set target Limit ASAP.

Takeaways:

Time your entries. And by time, set your limits. There is no reason to not have a point where you can take some off set for a swing.

Set targets, walk away. Plain and simple

DON'T OVERSTAY.