Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-May 07 2020: Earnings - EBITDA of $3.7m compared to -$9.9m last year, EPS -0.03 vs -0.38 last year
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Bull Flag
-Levels: 2.5, 2.85, 3.15
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test short of 3 level
Confluence: Whole $, VWAP
Strike Zone: 2.98 - 3.05
Sizing (lots): 4
Risk (stop / Rs): Hold above 3.05
Review / Lessons Learned
Started scaling at 2.98 with fantasy orders, got a partial so tried getting filled odd lot (with SSR) at 3 whole dollar was tough. Jumped straight from 2.99 to 3.08 which invalidated my trade (even before I got to full size), so I was looking to stop out and did so when it pulled back to 3.05.
I hated being in this trade as it wasn't moving very much and volume would die at times, very indecisive stock
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-11 14:49:53 | WTRH | sell | $2.980 | short |
| 2020-05-11 14:51:21 | WTRH | sell | $2.990 | short |
| 2020-05-11 14:51:21 | WTRH | sell | $2.990 | short |
| 2020-05-11 15:02:39 | WTRH | sell | $3.000 | short |
| 2020-05-11 15:04:29 | WTRH | buy | $3.040 | short |
| 2020-05-11 15:04:29 | WTRH | buy | $3.040 | 0 |
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