Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Jun 04 2020: Company runs services in airports / running because more people flying
Technical Analysis
-SPY pattern: Fade
-Intraday pattern: Consolidation
-Levels: 1.4, 1.75, 2, 2.2
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 2
Confluence: Whole $
Strike Zone: 2 - 1.95
Sizing (lots): 3
Risk (stop / Rs): Hold below 1.95
Review / Lessons Learned
Size right and added emergency lot when it tanked more. They release an 8-k informing of more warrants (kind of like offering sell off but not really), noticed the 8-k from chat room so I stopped out after my last emergency add. biggest loss of the day.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-04 13:46:25 | XSPA | buy | $2.040 | long |
| 2020-06-04 13:47:08 | XSPA | buy | $2.010 | long |
| 2020-06-04 13:47:08 | XSPA | buy | $2.010 | long |
| 2020-06-04 13:47:08 | XSPA | buy | $2.010 | long |
| 2020-06-04 13:47:08 | XSPA | buy | $2.010 | long |
| 2020-06-04 13:47:10 | XSPA | buy | $1.840 | long |
| 2020-06-04 13:49:13 | XSPA | sell | $1.870 | long |
| 2020-06-04 13:49:13 | XSPA | sell | $1.870 | long |
| 2020-06-04 13:49:13 | XSPA | sell | $1.870 | long |
| 2020-06-04 13:49:13 | XSPA | sell | $1.870 | long |
| 2020-06-04 13:49:13 | XSPA | sell | $1.870 | long |
| 2020-06-04 13:49:13 | XSPA | sell | $1.870 | long |
| 2020-06-04 13:49:13 | XSPA | sell | $1.870 | 0 |
Comments
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
That was the fake-out breakout at about $2.00. There was a perfect wedge there. Then it just slammed back down.