AFRM Trade on Mar 6, 2023 10:04 from kgauvin25: Tradervue User Stock Trades.

Market

• So we are common gap up and after two powerful green days (started w/ a false breakdown and powerful day 2) do we get a day 3? As of this morning we are above last weeks range now just some important Res SPY 405
• We have broke ST Bear market and returned to ST Bull market, just in tricky spot
• We are not that extended
• D bears get pissed and try to step back in? Well there is the chance if they do and and then bring us all the way down and we got a false breakout of ST bear market, but lot of work for that to happen
• Levels
  • Above 405- buy
  • 400 - 405, lean buy
  • Below 400 - short
• So in tricky spot, really 50/50 of where we could go, but just know we are in stronger bullish position vs last week, so def could confirm longs above SPY 405, just right at open might be tough
  

$AFRM

• By Now Pay Later Leader (Point of Sale Installment Loans, can choose own payment option unlike other BNPL companies)- Software Company (Tech) / No catalyst/ ATR 1.25, SI 18%/ 14 (8/10 Level) Daily Consolidation break r2 $15 (.8 ATR
• Off the open rel weak
• Started to form inside 5 but was rel weak so did not like
• After some chop, at 9:50 broke out of oepning range, but real entry for me was 14
• As was approaching here, did not love but was looking to form igniton bar for 10 cents risk so was worth taking cuz I could take more size
• As this 10am bar was forming, volume was not coming in and so I was really questioning whether this would be igntion bar
• Pulled back a bit more bring risk now to 13 cents
• Space risk now increased, market not supporting, ignition bar seeming less likley to be true ignition bar so brought size down
• Still got in though on 14 break
• had some size, but going into this being down on the day definitively messed with my psyology
• I was now long not as big as I wanted to be (but considering negative layers mentioned above) I was somewhat okay with that
• Manged to cover my risk, and then since not super big, wanted to be a bit more greedy
• Had offers at tragets 14.5 and 14 which was my ultimate target
• Moved stop up 10:25 pivot low and eventually got stopped out at 11:40
• 11:15 really should have covered some
• 11:20 marobuzo bar which broke 8 EMA on elevated volume was signal that this will prob fail
• Variables leading to failure
  • Market in tough spot with IWM leading weakness
  • No catalyst
  • "Ignition Bar" never had volume come in
  • Steep move going into $14 break
• Reflect
  • Grading wise this was a B
  • If IWM stronger this would have been A-
  • If catalyst this would have been B+
  • If IWM stronger and catalyst would have been A this ---> been worth 1500 - 2000 shares