AMC Trade on Feb 18, 2021 14:36 from tjmiller2001: Tradervue User Stock Trades.

Since about 9:30, (12:30 on this chart) SPY had been very strong and AMC had been very weak. I was watching AMC and it just couldn't make a higher high, it looked ready to roll over.

This was a relative weakness fade trade. I didn't worry about pricing retracing back to previous resistance for me to get in short. I thought this name didn't have the strength to even get there for a failed retest. So I listened to my gut, while still using a 3:1 RR, and I got in short when I saw the opportunity.

It never looked back. Price didn't go a penny higher than where I got in short, and I held until the last minute when it closed at LOD. I'm proud of myself for holding this and believing in my thesis instead of selling early.

Lesson Learned: Not all good trades involve entering on a failed retest of past levels. Here I entered short when I believed in the opportunity, and I made $ when I was proven right.