AMC Trade on May 28, 2021 14:45 from WuManChu: Tradervue User Stock Trades.

Idea, Entry, and Risk:

*Idea: Late day short after 28.50s blow off from LOD
*Entry: Starter ~27.40s on pops to key
*Risk: 1:3 (28.50s + to 24)

Catalyst and News:

Gamma squeeze, calls expiring and call sellers getting boned. (Still plenty of meat on this bone next week)

Fundamentals:

lol

Technicals:

36.70s open test, 36 fails, and under VWAP for the entire day. First trading day I've had the entire day available in a while. Aimed to make the best of it, hit near EOD.

Summation:

Entry on small pop after the 28.50s test and blow off. Swipe before 3pm was a little alarming, didn't have the conviction to size in on that, watched it fail pretty hard and increased size on the breakdown back before G/R again. Was smart enough this time to cover about a 1/3 on the 25.50s key and let the rest work. Saw the grind up, left some on the table, but was patient enough to cover on flushes and waited until my patience EOD was up to cover the remainder.

Takeaways:

Conviction in your idea is important. Having the confidence to enter when you think the time is right and the signals are in your favor. Don't let other things stop you unless you cannot give the appropriate time and attention to the trade.

Overall decent. Nice down streak break. Volume absurd and little scary but good.