Shared by
beno
Fundamentals
Profitable Building Material company in Canada. Makes face masks.
Catalysts / News / Painting the picture
-Corona virus sympathy because APT makes masks
-US to order 1 billion masks
-March 11 2020: WHO declares COVID-19 as pandemic
Technical Analysis
-Intraday pattern: Bowl
-Levels: 11.50, 12, 12.50, 13
-Stuck between consolidation zones of yesterday and the day before
Original Plan / Strategy
FT-15 long of 11.50 technical support level with half dollar confluence
Review
Tried to get big near the 11.50 level, had to hit the ask a few times. Should have added another lot (full size is 4 lots, I got 3). Slowly scaled out while trying to take advantage of pops. Scratched the last half lot as it was dumping pretty hard...
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-03-31 09:30:10 | APT | buy | $11.650 | long |
| 2020-03-31 09:30:38 | APT | buy | $11.590 | long |
| 2020-03-31 09:30:46 | APT | buy | $11.690 | long |
| 2020-03-31 09:31:00 | APT | sell | $11.890 | long |
| 2020-03-31 09:31:11 | APT | sell | $12.010 | long |
| 2020-03-31 09:31:23 | APT | sell | $12.020 | long |
| 2020-03-31 09:31:48 | APT | sell | $12.030 | long |
| 2020-03-31 09:32:23 | APT | sell | $11.990 | long |
| 2020-03-31 09:32:27 | APT | sell | $11.670 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!