APOP Trade on May 11, 2020 09:53 from _cup0fjoe: Tradervue User Stock Trades.

I knew I should have walked away after 2 losses, but I loved the setup so much and knew the short squeeze with inevitably come. I realized on the 2nd trade (prev. trade) that after a pullback, eventually shorts have a reason to buy to cover. That 'buy to cover' creates buying pressure and then mix dip buyers creates the momo to spike the stocks towards the open price and perhaps see a break to NHOD. Just like there are stubborn longs who don't take profits into strength and then end up panicking when the price drops fasts after a spike, there are also stubborn shorts who don't cover into panic and then end up buying into strength (due to fear of losing profits or taking a L).
I decided to enter once the 1st 5-min green candle formed and had more conviction for a potential spike (short squeeze). Of course I did not buy into strength and put my price lower waiting for a pullback. Got my entry and then pressed the 'CLOSE' button to have my sell order ready and then realized I had bought double the size I wanted. I told myself that let me just stick to it althought I should have downsize as tht was not part of my plan. And then of course volume began to pickup and lots of green order were goin by on the t&s. I could have sold into 4.8 for 10/share, but knew this could break VWAP and go further. Got the spike and sold right away into strength. Overall breakeven on the 3 trades, but lots of lessons learned...both about me and my weaknesses.