Shared by
beno
Fundamentals
n/A
Catalysts / News / Painting the picture
-anticipation of legalization on the 1st in illinois
-Weed sector sympathy
Technical Analysis
-Bottomed at 14
-22 important technical resistance
-Break of 22 could mean further upside all entire sector (CGC is lead)
-levels today: 20.60, 21.20, 21.40
Original Plan / Strategy
First Test long of 20.60
Review
All orders got filled but it was struggling to have a meaningful bounce. Closed out position in anticipation of a breakdown, should have held sold 1/4 and held the last 1/4 for longer.
Lessons learned: WHEN 3 TO 4 LOTS GET FILLED I SHOULD KEEP 1 LOT FOR A BIGGER MOVE AND PLACE THE STOP AT BREAK EVEN
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-12-31 12:09:55 | CGC | buy | $20.690 | long |
| 2019-12-31 12:09:55 | CGC | buy | $20.670 | long |
| 2019-12-31 12:10:00 | CGC | buy | $20.650 | long |
| 2019-12-31 12:10:00 | CGC | buy | $20.630 | long |
| 2019-12-31 12:10:44 | CGC | sell | $20.730 | long |
| 2019-12-31 12:10:49 | CGC | sell | $20.750 | long |
| 2019-12-31 12:11:39 | CGC | sell | $20.678 | 0 |
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