Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-March 13 $96m ATM @ $4.76
-Technical / bouncing with market
Technical Analysis
-Intraday pattern: Runner, Big Pullback
-Levels: 6, 6.50, 7, 7.50 - 7.70, 8.20, 9.50
Original Plan / Strategy
First test long of 7.80 by 7.50 with half dollar and VWAP confluence
Review
Took starter then went in my favor, did not get big in this setup but I should have!
Noticing a pattern in my behavior where I'm able to take losses and even get back in but when it comes to trade the ticker again I size down and that's when the big move happens.
Lessons Learned:
1. Use half size on a parabolic ticker with a B grade technical level.
2. Size up on for those really good (LONG CONSOLIDATION) technical levels
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-03-26 12:26:23 | TLRY | buy | $7.840 | long |
| 2020-03-26 12:28:51 | TLRY | sell | $8.000 | long |
| 2020-03-26 12:29:11 | TLRY | sell | $8.060 | 0 |
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