Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-M&A speculation with Microsoft / source says over exaggeration
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Runner
-Levels: .56, .70-.74, .8
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 short of 0.8 death line
Confluence: Prior Close, Gap Fill
Strike Zone: 0.78 - 0.85
Sizing (lots): 5
Risk (stop / Rs): Hold above .85
Review / Lessons Learned
Only got to 4 lots (had ample time to add another one) and scaled out too quickly.
Lessons Learned:
- Always get to pre-defined size
- Don't scale out too quickly when ITM!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-08 14:47:52 | MVIS | sell | $0.7850 | short |
| 2020-05-08 14:47:52 | MVIS | sell | $0.7850 | short |
| 2020-05-08 14:48:00 | MVIS | sell | $0.7910 | short |
| 2020-05-08 14:48:47 | MVIS | sell | $0.7981 | short |
| 2020-05-08 14:48:47 | MVIS | sell | $0.7981 | short |
| 2020-05-08 14:48:49 | MVIS | sell | $0.7981 | short |
| 2020-05-08 14:48:59 | MVIS | sell | $0.8001 | short |
| 2020-05-08 14:48:59 | MVIS | sell | $0.8001 | short |
| 2020-05-08 14:54:53 | MVIS | buy | $0.7749 | short |
| 2020-05-08 14:55:33 | MVIS | buy | $0.7892 | short |
| 2020-05-08 14:57:47 | MVIS | buy | $0.7506 | short |
| 2020-05-08 14:57:59 | MVIS | buy | $0.7483 | short |
| 2020-05-08 14:58:19 | MVIS | buy | $0.7500 | short |
| 2020-05-08 14:59:08 | MVIS | buy | $0.7483 | short |
| 2020-05-08 14:59:38 | MVIS | buy | $0.7331 | 0 |
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