CELC Trade on Apr 9, 2021 09:09 from JustAPenguin: Tradervue User Stock Trades.

Stock Pick
-a small cap medical company with catalyst of obtaining a breast cancer medicine license
-good catalyst with pre-market gap-up to 70%

Strategy
-initial strategy is to wait for the stock to reach peak and aim for short and exit at fibonacci 50% level

Execution
-strong bullish momentum at 7-9am make me trying for long, thinking the market will gap up upon opening. Bought around VMAP and double my position when prices further go down
-the price tanking with exit at a lost
-although the price already reaching 50% target at 0953H, the bearish move made me thinking that it will further tank to 38.2% level and hence trying to short to recoup my losses
-there are 2 unforgiving large candle causes massive losses
1) 0952H ($21.3 to $19.6), result in my loss in long trade
2) 1036H ($21.2 to $23.6), result in my loss in short trade

Learning points
-tiring working day result in poor execution
-unlike playing PC games where we challenge more difficult levels and experience more skills, stock market is about playing the easiest set-up and be good in the trade you familiar with. I had never into buying pre-market dip, yet i do it with double of my usual share size.
-stock with good catalyst usually bounce around 50% fibonacci, stick to your pre-trading plan.