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beno

 

CGC

May 22, 2020 13:04


Tags:

Swing Frontside Share Recycling Scalping LIVE Intraday Frontside First Test ETB

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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