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
-April 02 2020: US says will not force people to wear masks
-May 06 2020: Earnings - Q1 up 46% Q/Y - PPE numbers good
Technical Analysis
-SPY pattern: Fade
-Intraday pattern: Parabolic Fade
-Levels: 12.5, 13.5, 13.8, 14.5
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 long of 13.8 level
Confluence: Gap Fill
Sizing (lots): 4
Risk (stop / Rs): 13.49
Review / Lessons Learned
OGT but should have added another lot! In my defense (not trying to make excuses but simply explaining what happened) APT was very illiquid at the open and the spread was nasty so hitting the ask wasn't ideal, but I definitely had the opportunity to do so!
Lessons Learned: Get to full size, if you see it holding above level, hit that shit!!! (slam bid or ask)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-06 09:31:07 | APT | buy | $13.910 | long |
| 2020-05-06 09:33:02 | APT | buy | $13.850 | long |
| 2020-05-06 09:33:02 | APT | buy | $13.850 | long |
| 2020-05-06 09:33:20 | APT | buy | $13.830 | long |
| 2020-05-06 09:34:29 | APT | sell | $14.070 | long |
| 2020-05-06 09:35:16 | APT | sell | $14.050 | long |
| 2020-05-06 09:35:17 | APT | sell | $14.050 | long |
| 2020-05-06 09:35:29 | APT | sell | $14.240 | long |
| 2020-05-06 09:35:39 | APT | sell | $14.250 | long |
| 2020-05-06 09:37:00 | APT | sell | $14.470 | 0 |
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