New company focused on long term growth in space exploration, no revenues, pure speculation.
-Recent Conference news
-Up swing fueled by below Dec 10 2019 Morgan Stanley comments:
-Morgan Stanley Bullish On Virgin Galactic, Says Space Tourism Is Incubator For Hypersonic Travel
-SPCE has caught the eyes of many traders lately, also been in the news as the stock to beat TSLA's run
-Lots of fucking over in SPCE today as stock was making huge swings both ways
-Stock ended day making new highs in after hours trading
-Levels: 32, 33, 34.50, 35
First Test long of 34 level with whole dollar confluence
Proud of how well I managed this trade. I started scaling with small lots and only added big when below 34 level where R/R is at its biggest.
Sold last lot right before stock tanked and pulled back for its second bounce, just so happens the second bounce went higher then the first, BUT THE FIRST BOUNCE HAS A HIGHER WIN RATE! There's always water the first time you visit the well, first test is always best.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-02-19 10:36:17 | SPCE | buy | $34.110 | long |
2020-02-19 10:36:21 | SPCE | buy | $34.060 | long |
2020-02-19 10:36:21 | SPCE | buy | $34.010 | long |
2020-02-19 10:36:21 | SPCE | buy | $33.960 | long |
2020-02-19 10:36:22 | SPCE | buy | $33.950 | long |
2020-02-19 10:37:26 | SPCE | sell | $34.290 | long |
2020-02-19 10:37:33 | SPCE | sell | $34.270 | long |
2020-02-19 10:37:46 | SPCE | sell | $34.317 | 0 |
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