SPCE Trade on Jul 2, 2021 10:10 from WuManChu: Tradervue User Stock Trades.

Idea, Entry, and Risk:

*Idea: Continued downtrend after big seller took off, off along the way
*Entry: Pops near 50s key (under VWAP)
*Risk: 1:3 (vs VWAP, PT near/potential G/R)

Catalyst and News:

Reiteration of the same PR, somebody getting a bit bent longside A/H Thursday.

Fundamentals:

n/a

Technicals:

Call buyers getting bagged, squeeze unsustainable, coming back down P/M, morning shove into fails, and back under VWAP for confirmation.

Summation:

Small size followed by higher conviction scaling into the 49.40s level, played around a bit before it finally broke down. No particular strength or signs of consolidation for most of the day, so let it work. First took off at key level around 47.25, jumped the gun a bit hastily around the 46.64s but left on 1/3 size there to really let it break down.

Held the 44.40s level well enough, kept saying to take some off at the 44.20s despite the 43.20s being the major PT at that point. Got most of it but panic covered the remainder at the 46s despite the major flush afterwards (hard to predict those too but it's what it is).

Takeaways:

Overall highest payout day trade to date. Had some flubs but overall good. Will keep working for things like this.

It's interesting to see market sentiment/maps mostly green on the big ones and everything on the watchlist is red.