Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
Technical, no relevant recent news
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Ascending Triangle
-Levels: 30, 30.50, 31.5
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 long of 30 level
Strike Zone: 30.2 - 29.70
Confluence: Whole $, Prior Close, Gap Fill
Sizing (lots): 4
Risk (stop / Rs): Hold below 30
Review / Lessons Learned
My strike zone wasn't properly defined so I wasn't aggressive enough when it traded in the 30.20's.
This had a really hard time breaking above 30.50, sellers were there for quite sometime so I sold my only lot.
Lessons Learned: Try to get to full size more aggressively right before the strike zone (especially if the level is A++)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-08 09:44:01 | WORK | buy | $30.220 | long |
| 2020-05-08 09:51:20 | WORK | sell | $30.430 | 0 |
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