LEDS Trade on May 10, 2021 09:47 from WuManChu: Tradervue User Stock Trades.

Idea, Entry, and Risk:

*Idea: Aftermath low float runner up on no news. Expected fails from P/M highs and vs keys at 12.50, 11.50, and 10s.
*Entry: 11 starter and scale vs 11.50s
*Risk: 1:3 (HOD vs G/R)

Catalyst and News:

n/a. No reason for this to be up, so down it came.

Fundamentals:

n/a

Technicals:

10s over, under and over again in the morning. Expected 11.50s to fail eventually. Basing at VWAP from Thursday, failing to hit the highs from there too.

Summation:

Let it rip past the 12s with only the starter, and scaled in a bit as it came down, huge flush candles early. Missed the chance to size in at the 10.70s before the first big breaks from the 10s early, but let it work. The near EOD push back into VWAP had my attention for a bit but ultimately just let it ride back down.

Covered EOD, still not going to mess with A/H

Takeaways:

Prepped today. Key levels taken last night, paid more attention to volume. No reason to freak out, especially since the trade became no risk once I took some off at 1R and let the rest play out. Will look for this kind of play again.