Shared by
beno
Fundamentals
-Had $6.7m cash EoY 2019
-Burn roughly 300k cash per month
-$5m left of cash ish
Catalysts / News / Painting the picture
-Earnings: Already up 24% Y/Y and year isn't done yes
-May 05 2020: expects to become profitable by EoY
-May 19 2020: Patent grant news
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Fade
-Levels: 2.2, 2.4, 2.5, 2.6, 3.2
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 long of
Confluence: Gap Fill, Prior Close
Strike Zone: 2.22 - 2.1
Sizing (lots): 4
Risk (stop / Rs): Hold below 2.1
Review / Lessons Learned
Grind down to level was very slow, price just to say went above my strike zone so I only took it with 1 lot, didn't want to get stuck with bad prices. obviously in hindsight I should have gone full size.
Should make a new rule that I should get to half size before strike zone, then if PA enters SZ then add left overs.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-21 11:26:41 | CLSK | buy | $2.245 | long |
| 2020-05-21 11:26:41 | CLSK | buy | $2.250 | long |
| 2020-05-21 11:30:23 | CLSK | sell | $2.310 | long |
| 2020-05-21 11:31:23 | CLSK | sell | $2.330 | long |
| 2020-05-21 11:35:34 | CLSK | sell | $2.330 | long |
| 2020-05-21 11:37:40 | CLSK | sell | $2.310 | 0 |
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