EOLS Trade on May 22, 2020 11:05 from beno: Tradervue User Stock Trades.

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beno

 

Fundamentals

N/a

Catalysts / News / Painting the picture

-Technical move

Technical Analysis

-SPY pattern: Runner
-Intraday pattern: Mountain
-Levels: 4.6, 5.2, 5.5,

Strategy / Confluence / Sizing Guide / Risk

Strategy: First test
Confluence: VWAP
Strike Zone: 5.63 - 5.5
Sizing (lots): 2
Risk (stop / Rs): Hold below 5.5

Review / Lessons Learned

Got to full size but stock was heavy the whole time, took partial profits at 5.78 and added near the bottom of my strike zone, stopped out when more weakness entered the tape below 5.5.

Looked at volume distribution after and it was clear that this was a death candle trapping all momo longs. In other words this stock was too top heavy.


Execution detail:

Date/time Symbol Side Price Position
2020-05-22 11:05:35 EOLS buy $5.690 long
2020-05-22 11:05:38 EOLS buy $5.690 long
2020-05-22 11:05:38 EOLS buy $5.690 long
2020-05-22 11:08:34 EOLS sell $5.780 long
2020-05-22 11:11:43 EOLS buy $5.510 long
2020-05-22 11:13:36 EOLS sell $5.420 0


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