TLRY Trade on Jan 14, 2020 15:59 from Marius: Tradervue User Stock Trades.

Big Picture
Markets still grinding at ATH's then news hit in the middle of the day about trade tariffs with a sharp intraday sell-off but back in the day's range. Markets closed relatively strong for the day.

Intraday Fundamentals
MJ industry, highly shorted, and oversold areas of the stock market has been seeing some recent strong buying. TSLA, BYND, SPCE, and CGC to name a few. The MJ industry looks as if it is now turning and seeing more significant buying momentum. TLRY closed at HOD. I looked at the daily and weekly charts coupled with the current changing sentiment and decided to swing this for possibly a multi-day dependent on levels and risk. 75% of the shares float is short which is significant at HTB shares. Thesis is this can create notable artificial buying pressure for shorts having to cover at fast approaching levels and momentum. There was news of new appointing COO and CFO in the AM.

RVOL - 7.47
AVOL - 1.88M
ATR - 1.24
Short Float - 74.98%
Shs Float - 10.50M
Inst Own - 12.30%
Market Cap - 2.15B
Technical Analysis
SPY, 5m

TICK + ADD, 5m

TLRY, 1m

TLRY, 1m (trade area, exit review, & 3rd day trade plan overview)

Tape Reading
No tape reading done on exit due to executing on TOS mobile. Noting here that the TOS mobile interface is excellent and quick. Only thing that I haven't seen is the L2 + T&S. Definitely considering this as an execution tool for the future but not for scalping.

Trade Review / Trade Management
I had plans to watch the pre-market on mobile and this would be the second time I'd be making executions here. I saw that HOD from the previous day was holding with pre-market resistance at 22.15. I decided to exit the full position at 22.85-22.90 which is in the middle of this range because I was a little concerned of a backside short potential approaching at 22.15. I had about 4 hours of sleep and was thinking to use some profits here to finance risk on next trade. Pre-market highs were at 22.50. My plans after taking profit here was to re-establish a position if price re-tests 22.50 and holds. It was tested in the middle of the day but failed but maybe in play tomorrow.

Grading my overall trade here as a C / B- because I think there could have been more downside risk here if price had not run up in the after-hours while I was away. Knowing the historical characteristics of the stock suggested this would be a probable case though. I guess this might have been more on the intuitive side of analysis coupled with what was mentioned earlier entering the trade.