BBIG Trade on Sep 3, 2021 11:43 from maloneyjay1: Tradervue User Stock Trades.

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maloneyjay1

 

Large miss but right idea. Active name on watch, very solid former runner with high short interest. I'm beginning to see the picture that the best longs are massive short squeezes. To a lot of shorts, this price action looked great I'm sure. But then you get this nice hour of VWAP consolidation, and when it broke that's when people started covering their positions, and accelerated as it broke HOD which is a common stop point for shorts.

On the good side is the entry and recognition of a potential good name. On the bad side is getting distracted and exiting. I took a lot from DanIrish thought process, in fact that volume wash was probably the biggest reason I took the entry. This is also what ADF refers to as the "YouGonnaLearnToday" setup. When you have heavy selling and then it just stops, and reclaims, this is a very very very bad sign for shorts, but a great sign for longs.


Execution detail:

Date/time Symbol Side Price Position
2021-09-03 11:43:45 BBIG buy $7.130 long
2021-09-03 11:50:53 BBIG sell $7.161 0


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