Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-May 15 2020: Weed sector stronger than SPY because of ACB earnings
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Runner
-Levels: 14, 14.5, 15, 15.5, 16
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 14.5
Confluence: Half $, PM Level
Strike Zone: 14.45 - 14.5
Sizing (lots): 2
Risk (stop / Rs): Hold below 14.5
Review / Lessons Learned
Got to full size but took it off early because SPY was having trouble bouncing, it tried bouncing then failed lower, but ultimately ended going up (in hindsight).
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-15 10:02:40 | CGC | buy | $14.570 | long |
| 2020-05-15 10:02:51 | CGC | buy | $14.520 | long |
| 2020-05-15 10:02:51 | CGC | buy | $14.520 | long |
| 2020-05-15 10:03:43 | CGC | sell | $14.620 | long |
| 2020-05-15 10:04:19 | CGC | sell | $14.610 | long |
| 2020-05-15 10:04:19 | CGC | sell | $14.610 | 0 |
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