LUNR Trade on Feb 23, 2024 08:45 from peterto: Tradervue User Stock Trades.

dont really want to annotate chart bc i was super spazzy and did a lot of algo-ish bid/ask trading to recycle shares.

context = sell the news gap up, 1 day after the event. after watching this trade yesterday, thought it'd be more ideal/clean than trying to smash it right after the event itself.

pre-market entry 11.30s isn't usually what i want but i saw stock break from a pentup pre-market range, felt i had to commit. probably wasn't mentally prepared for bigger 10.57 to $11.80 move from 9:25 to 9:31.

open is a little undecisive with some partial -.20/-.30 covers bc i wasnt sure if it was one candle and done or a prolonged push lasting 30-50 minutes.then once it broke under $11, i treated that as "all-in" signal. oversized into 25k position to play momentum with 10k of it.

covered from 15k core size to under 10k size into weakness but then as stock had volatile bounces, i got into the recycling shares tactic and had an offensive slant on doing it -- meaning i wanted more shares for lower later rather than trying to reduce shares and pocket a certain amount from the opening move. i wish it was the opposite, especially knowing how badly im tilting on eating full size round trips.

so now it consolidates and it's a little thinner back over $10 than a broken stock should feel but ok whatever, still have to be conviction mode if thats what you decide pre-market. target = stock goes red.

10.50 first touch = have to stay loose here, no defined lower stop yet

10.50 second touch = be prepared to get out but it was a tick-through... maybe this is the fakeout to setup continaution lower

10.50 third touch = ok you know the momentum has turned here. lighten up or flatten please. did not, then in denial of seeing a power move through $11... felt a deju-vu feeling that ive felt 100x the last year on letting gains reverse.

covering over $11 on bid because i really wanted to cover earlier and it feels like inches away from hod... when my mind says "shouldve got out" it usually slides into "just get out now". started thinking about hod stop where i lose around -$10,000, which i usually accept but not when its a full blown reversal from a $20k win where the stock looked like death.

as far as everything after that -- im never gonna go back to full size after all that unfolds unless im on tilt (also: new information came in with 5pm catalyst). i just think extremely wide resets that come within 5% of hod reduce the possibility of an all-day move. of course sometimes it's wrong to think this way and youll have a DWAC that re-test $50 on a gap-down, then slid lower to $37 by the close (and thats a move i didnt capture). but in general its hard to sway me from those thoughts, good trades just hold lower on 5min timeframe. stock didnt follow my script, didnt want to overtrade, didnt want to tilt. last try i talked myself into 5k at 10.70, covered about $10 avg meh, was more for closure than anything else.