Shared by
beno
Fundamentals
New company focused on long term growth in space exploration, no revenues, pure speculation.
Catalysts / News / Painting the picture
-Up swing fueled by below Dec 10 2019 Morgan Stanley comments:
-Morgan Stanley Bullish On Virgin Galactic, Says Space Tourism Is Incubator For Hypersonic Travel
-SPCE has caught the eyes of many traders lately, also been in the news as the stock to beat TSLA's run
-May 05 2020: Earnings - strong cash position, more then $400m in cash, no meaningful revenues, still growth company
-May 06 2020: CEO on TV
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Mountain
-Levels: 18.5, 19.5, 20.40, 21
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 long of 19 level
Confluence: Whole $, VWAP
Sizing (lots): 3
Risk (stop / Rs): Hold below 19
Review / Lessons Learned
OGT, best trade of the day, scaled out way to quickly!
Lessons Learned: DON'T FUCKING SCALE OUT TOO QUICKLY, BE PATIENT and USE MARKET STRUCTURE STOPS!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-07 10:25:54 | SPCE | buy | $19.160 | long |
| 2020-05-07 10:25:54 | SPCE | buy | $19.160 | long |
| 2020-05-07 10:27:58 | SPCE | buy | $19.100 | long |
| 2020-05-07 10:28:06 | SPCE | buy | $19.120 | long |
| 2020-05-07 10:30:35 | SPCE | sell | $19.200 | long |
| 2020-05-07 10:31:05 | SPCE | sell | $19.240 | long |
| 2020-05-07 10:31:05 | SPCE | sell | $19.240 | long |
| 2020-05-07 10:31:14 | SPCE | sell | $19.300 | long |
| 2020-05-07 10:31:26 | SPCE | sell | $19.340 | long |
| 2020-05-07 10:32:21 | SPCE | sell | $19.360 | long |
| 2020-05-07 10:34:22 | SPCE | sell | $19.600 | long |
| 2020-05-07 10:34:34 | SPCE | sell | $19.660 | long |
| 2020-05-07 10:34:41 | SPCE | sell | $19.710 | long |
| 2020-05-07 10:34:41 | SPCE | sell | $19.710 | long |
| 2020-05-07 10:34:47 | SPCE | sell | $19.640 | 0 |
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