LGVN Trade on Apr 1, 2022 08:21 from BanalityOfEvil: Tradervue User Stock Trades.

2nd day opening drive

Played the first day well, gapping again today late in premarket, but a lot of shorts have already covered.

algo presence is much heavier, and price is near $16 resistance. I knew this was extended and was not an A+ setup so I sized down heavily.

entered breakout trade above 15 with feeler size only in the off chance that this squeezed through and held over 16 on the open, at which point I would have added larger size.

Immediately saw algos pouring in, tape got heavy, sold 80% of position for tiny profit when 15 broke. Re-added on consolidation to feeler only size, not feeling very confident that this will continue on the open.

could not hold 16 on open, extremely violent shakeout in opening 2 minutes. HUGE STUFFED CANDLE @9.37. Looking like an awesome short setup. I had a stopmarket order placed @ 14.48 while I looked for other things to trade coming into the open... after I was stopped out I looked back and saw that I had been filled a portion all the way down @$14... holy hell talk about slippage... this put me into the red on the trade, wow...

Key Takeways
Now you remember why you never use market orders... got filled 1/2 point below order