AMST Trade on Feb 14, 2023 09:06 from BanalityOfEvil: Tradervue User Stock Trades.

Play
Gap n' Go

Catalyst
07:30:00AM
AMST
AMESITE ANNOUNCES GPT-3 POWERED FUNCTIONALITY TO ITS AI TOOLKIT FOR CUSTOMERS AND USERS

Trade Idea
price could test .75 and/or .90 in premarket or on the opening drive

Setup Quality
B
- fresh news
- leading gapper
- low float
- high RVOL, volume expanding over reclamation of vwap
- CHAT GPT/AI related names have been trending
- Thickly traded; Market makers are having a field day with this one this morning, plus CPI at 8:30 may be keeping large traders on the sidelines until after the open

Plan
get long on volume expansion above vwap, using a tight stop. 1st target is .75 (sell 90% and then look for possible add). Larger size is ok due to heavy market maker manipulation (prices will most likely be revisited even if bid drops out suddenly - market maker shake out), however profit may need to be taken quickly because the market makers have their hand so far up this symbol's ass that it feels like I'm watching a puppet show. There could also be a lot of traders looking to short this right now due to uncertainty in the overall market. Likewise large traders who are bullish may wait for profit-taking on the open to try and establish a long position. Stop is break and hold below VWAP.

Reasons to Sell
target(s) hit
stopped out
book is too thick

Executions and Price Action
got long as planned with medium/large size
price was super heavy near 1st target in premarket so sold most of my position
held 1000 shares into the open and added micro-size after opening sell-off for the bounce to HOD but price was weak so let the shares go

Key Takeaways
good job not letting market makers shake you out

hate to see the book so thick. Possibly just avoid price action like this when you see it. There wasn't much else in play at this time, and it was the leading gapper in the market so I swung the bat and managed my risk.

decent little trade