FNKO Trade on May 7, 2021 10:16 from WuManChu: Tradervue User Stock Trades.

Shared by
WuManChu

Idea, Entry, and Risk:

*Idea: Weakness and FF at 24.50s
*Entry: 23.90s
*Risk: 1:3 (Highs vs G/R)

Catalyst and News:

n/a

Fundamentals:

n/a

Technicals:

Tape weakness at 24.50s and gradual, slight pops and fails suggested it would fall again.

Summation:

Small position taken on relatively slow moving tape, thinking fails and upscaling if fails happened and would take pops. Set stops and left for work. Came back to see it had fallen and bounced back from VWAP. Slow and steady grind back up, no suggestions of weakness, stop hit.

Takeaways:

Sticking to plan is fine. Stopping out is fine. Learn more next time. Right idea, just not present enough for the necessary timeframe.

Execution detail:

Date/time	Symbol	Side	Price	Position
2021-05-07 10:16:33	FNKO	sell	$23.950	short
2021-05-07 12:28:22	FNKO	buy	$24.850	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=FNKO&trade=30841819&end=20210507131322&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=FNKO&trade=30841819&end=20210507141322&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=FNKO&trade=30841819&end=20210507160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=FNKO&trade=30841819&end=20210606&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}