SDC Trade on May 12, 2020 09:51 from beno: Tradervue User Stock Trades.

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beno

Fundamentals

N/a

Catalysts / News / Painting the picture

-April 16 2020: Delivers 35,000th Face Shield to Healthcare Community
-May 06 2020: Increases Dental Care Access Via Partnerships With Major U.S. Insurers

Technical Analysis

-SPY pattern: Fade
-Intraday pattern: Fade
-Levels: 8, 8.7, 9 - 9.25, 9.75, 10.25

Strategy / Confluence / Sizing Guide / Risk

Strategy: FT-15 long of 9.25 by 9 level
Confluence: Whole $, Gap Fill, Prior Close
Strike Zone: 9.25 - 9.00
Sizing (lots): 5
Risk (stop / Rs): Hold below 9, quick test of up to 8.85 is acceptable

Review / Lessons Learned

OGT, followed sizing guide and scaled out slowly. Got light to fast and considering that there was a pre-mature bounce above my level I should have waited for 9 to buy the bulk of my size.

Lessons Learned:

If stock has big pre-mature bounce, wait for strike zone to scale bigger (use tape)
Don't scale out too quickly when ITM, don't take more then half right off the bat!

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-05-12 09:51:46	SDC	buy	$9.250	long
2020-05-12 09:51:46	SDC	buy	$9.250	long
2020-05-12 09:51:51	SDC	buy	$9.200	long
2020-05-12 09:51:56	SDC	buy	$9.190	long
2020-05-12 09:51:56	SDC	buy	$9.220	long
2020-05-12 09:51:56	SDC	buy	$9.210	long
2020-05-12 09:51:56	SDC	buy	$9.190	long
2020-05-12 09:51:56	SDC	buy	$9.190	long
2020-05-12 09:52:37	SDC	buy	$9.020	long
2020-05-12 09:52:39	SDC	buy	$9.020	long
2020-05-12 09:55:42	SDC	sell	$9.300	long
2020-05-12 09:55:53	SDC	sell	$9.310	long
2020-05-12 09:55:56	SDC	sell	$9.340	long
2020-05-12 09:56:02	SDC	sell	$9.300	long
2020-05-12 09:56:06	SDC	sell	$9.340	long
2020-05-12 09:56:21	SDC	sell	$9.390	long
2020-05-12 09:56:22	SDC	sell	$9.390	long
2020-05-12 09:57:03	SDC	sell	$9.364	long
2020-05-12 09:59:16	SDC	sell	$9.490	long
2020-05-12 10:00:42	SDC	sell	$9.610	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SDC&trade=14636092&end=20200512102742&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SDC&trade=14636092&end=20200512112742&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SDC&trade=14636092&end=20200512160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SDC&trade=14636092&end=20200611&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}