ONTX Trade on Feb 19, 2021 15:53 from WuManChu: Tradervue User Stock Trades.

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WuManChu

 

Idea, Entry, and Risk:

*Idea: Continuation on incredibly strong financial and technical sides.
*Entry: 1.60, into swipes after strong basing
*Risk: 1:3+

Catalyst and News:

(Retroactive) CEO and CFO awarded shares A/H

Fundamentals:

Books cleaned up

Technicals:

Holding very well. Same look as Friday last week when it broke the 1.30s.

Summation:

Watched it floor all day and refuse to crack. Was heavily reminded of the entry I wanted but didn't take last week. Saw the EOD swipes and got in, albeit a little higher than I would have liked.

News came in A/H and pushed it up. Will check Monday and take some off as it's already near my PT.

UPDATE: Blew way past my stop P/M. Market overall on red, but the trend was downwards, just like on a lot of the swings I was holding. Hindsight's a bitch but I should have been more aware when the news failed to break any news highs, and when all of the experts were warning of a pullback.

Even if it retrained back to my entry, this was something completely avoidable.

Takeaways:

Will you let fear grip you again, or will you sit down and prepare for the next opportunity?
Will you be better prepared to take profits as they come, or will you let a silly thing like fears of missing on other opportunities stop you?
Don't blind yourself. Look at it, and vow to beat the hurdle.


Execution detail:

Date/time Symbol Side Price Position
2021-02-19 15:53:50 ONTX buy $1.600 long
2021-02-23 08:20:44 ONTX sell $1.280 0


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