VIOT Trade on Feb 19, 2021 14:22 from WuManChu: Tradervue User Stock Trades.

Idea, Entry, and Risk:

*Idea: Failed Follow Through/Shorting Exhaustion
*Entry: Pops at 17.20s vs 17.60s+
*Risk: 1:3 (17.60 vs 15)

Catalyst and News:

N/A

Fundamentals:

Strong financials and articles from last month proclaiming the stock to be undervalued.

Technicals:

Weakness after big day move up from the 14s. Weakness after the 18s and plenty of fails at the 17s afterwards.

Summation:

Watched multiple candles fail into the 17.20s level after the first signs of weakness. Felt that the strength was leaving, so I entered a limit order at 17.20.

Newsletter came in and swiped it up, giving me partial fills along the way. Kept in thinking that the newsletter would bail and bring it down, but it continued to climb. Was fairly certain I was going to end up covering the top, but I respected my stop and took it off.

Sucks that I was right but messed up the entry.

Takeaways:

Frustrating result. Was too early. Could blame the newsletter, but in reality I was too early and should have let the trade confirm itself. Was already mulling over cancelling the entry when the swipe filled it. Newsletter rules. They in? I'm out. Artificial volume will screw you over.