Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-April 24 2020: Beyond Meat heads to China as plant-based protein continues to grow, with a little help from COVID-19 outbreak
-Reporting earnings AH!
Technical Analysis
-SPY pattern: Mountain
-Intraday pattern: Consolidation
-Levels: 96.5, 99.5, 101, 102.5
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test short of 99.5 level
Confluence: Half dollar
Sizing (lots): 3
Risk (stop / Rs): Hold above VWAP
Review / Lessons Learned
So I thought this trade was going to be good but it probably should have been an avoid for me as BYND was set to report earnings in 20 minutes.
Also, the margin was fucked on this stock and I couldn't add more than one lot...so because I couldn't add I was no longer comfortable in the trade, so I tried to take profits on the one lot and only got filled 1 share. Trade was beginning to be a headache so I scratched it...
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-05 15:42:18 | BYND | sell | $99.420 | short |
| 2020-05-05 15:42:19 | BYND | sell | $99.420 | short |
| 2020-05-05 15:43:53 | BYND | buy | $99.080 | short |
| 2020-05-05 15:45:03 | BYND | buy | $99.390 | 0 |
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