Still Paper Trading. My initial plan: Framework step 2, Looking for break out above HOD 5.75 todays and historical M/r, good risk at 5.606 support line intraday chart. Need to see convincing volume. In hindsight this would have been a better trade than RUBI, I caught late, got some of the move and exited before the distribution phase and cliff.

Paper Trading. I had planned, given the negative PR/catalyst and premarket downtrend, for a long on a support bounce or a squeeze. It ended up bouncing on 0.60 support but I wanted price action, vol confirmation and vwap reclaim before entering so I entered late. Then exited at the $1 rejection, premarket resistance line. In hind sight could have stay longer but was at worked and was scared of overstaying.

Based on Premarket gains of 400%+ and negative PR overhang, and bounce after the cliff, I thought it could be a potential short squeeze. I broke my rule and entered into the trade prior 9:45 confirming price and volume hold, saw vol of 500K and 2.9M so decided to get in, volume died on me. I like using technical indicators but the lagged and my wifi was bad. I should have exit immediately after volume and price action did not hold.

I ran my scan for VWAP hold in the p.m. caught SPCE, which I've been wanting to trade. It was not trading enough volume for a 98M float but saw an uptick with a 300K plus volume, followed by a bear hammer candle pushed by buyers so thought I could enter on the next candle with vol and price action. however, it was not enough, and it was moving slow and I was at work (wrong time of the day per SSS) so decided to cut losses quickly and exit my position.

New to the challenge. Currently trading with small account but for now Paper Trading to get used to Platform. I grounded myself after making mistakes with the platform and taking some trades when I should have not.