Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Down on COVID-19 fears
-Bouncing with other tech stocks
-Should have relative strength because AD revenue should still be generated while people stay at home and use ROKU devices
-Stock Breaks Out After Preliminary Q1 Numbers
-May 07 2020: Q1 beat est by 5%, Revenues up 55% Q/Y
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Parabolic Fade
-Levels: 124.5, 126.5, 129.5, 132.5 - 133
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 short of 132.5 level
Confluence: Half $, Gap Fill
Strike Zone: 132.5 - 133.5
Sizing (lots): 4
Risk (stop / Rs): Hold above 133.5
Review / Lessons Learned
Its as they say, newbies keep adding to losers and take profits quickly when ITM... this was me on this stock today.
Roku was simply so strong on the way up and every dip was getting bought, even when trying to go down, obviously this shook me out and caused a bad trade.
Lessons Learned: Add emergency lots if already full size and PA is dipping further into strike zone.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-08 10:06:21 | ROKU | sell | $132.360 | short |
| 2020-05-08 10:06:23 | ROKU | sell | $132.460 | short |
| 2020-05-08 10:06:27 | ROKU | sell | $132.530 | short |
| 2020-05-08 10:06:29 | ROKU | sell | $132.590 | short |
| 2020-05-08 10:09:15 | ROKU | buy | $132.330 | short |
| 2020-05-08 10:09:15 | ROKU | buy | $132.290 | short |
| 2020-05-08 10:09:34 | ROKU | buy | $132.280 | 0 |
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