Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-May 15 2020: Weed sector stronger than SPY because of ACB earnings
-May 21 2020: NY post article: Scientists believe cannabis could help prevent and treat coronavirus
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Runner
-Levels: 17.6, 18.25, 18.5, 19.4
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 19.15 level
Confluence: N/a
Strike Zone: 19.24 - 19.15
Sizing (lots): 2
Risk (stop / Rs): Hold below 19
Review / Lessons Learned
OGT, got to full size and used recycling to managed the trade better. Should have added on the test of 19.04 but was distracted by someone texting me for a favor.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-22 13:04:51 | CGC | buy | $19.240 | long |
| 2020-05-22 13:12:09 | CGC | buy | $19.180 | long |
| 2020-05-22 13:12:10 | CGC | buy | $19.180 | long |
| 2020-05-22 13:12:10 | CGC | buy | $19.180 | long |
| 2020-05-22 13:12:15 | CGC | buy | $19.130 | long |
| 2020-05-22 13:14:36 | CGC | sell | $19.260 | long |
| 2020-05-22 13:18:27 | CGC | sell | $19.280 | long |
| 2020-05-22 13:34:41 | CGC | sell | $19.231 | long |
| 2020-05-22 13:38:03 | CGC | sell | $19.353 | 0 |
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