LASE Trade on Dec 21, 2022 10:42 from BanalityOfEvil: Tradervue User Stock Trades.

PLAY

LASE – Momentum scalp

CATALYST

LASE has released news today of gaining a very substantial contract

TRADE IDEA

LASE could continue up to 2.60 or higher intraday

SETUP QUALITY

C – very choppy and wicky premarket and opening drive, low R/R, noticeable algo presence

BIG PICTURE

Price has already moved close to target, the overall markets are rallying hard off of long term support and some positive economic news

PLAN

Jump in and ride momentum up to 2.60…

REASONS TO SELL

Target hit
Large offer wont lift
Tape slows
Stopped out

EXECUTIONS AND PRICE ACTION

Got in extremely late because I was trading in my futures account and then glanced over and saw this and just jumped in with too much size, slamming the offer because it was moving. I didn’t even analyze the chart. What a dipshit trade. Price was already so close to target.

Immediately after getting some shares I notice that there is either a massive hidden seller trying to unload or all the previous longs are panicking and marketing out because the volume that was printing was not even close to matching the offers in the box. I watched it for minute and observed the time and sales was dominated with darkpool associated exchange FADF, not my favorite thing to see. We flush 1 min later to stop out for a medium sized and unnecessary loss.

KEY TAKEAWAYS

I don’t even feel comfortable calling this a “trade”… this was just impulsive nonsense

Avoid these dirt cheap stocks that are trading tens of millions of shares near at resistance, these are a HFT's wet dream

ONE THING AT A TIME IN THIS MARKET.

in the future, if you notice heavy bot presence + extreme wicks on the chart then just avoid... take a moment before jumping in to get a lay of the land