Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Muddy Waters Research reveals short position after reading report that LK is fraud
-Report can be found here - in depth 89 page report:
https://drive.google.com/file/d/1LKOYMpXVo1ssbWQx8j4G3-strg6mpQ7F/view
-LK denies all allegations of fraud
-April 02 2020: LK admits fraud and fabrication of sales
-April 06 2020: LK trading halts on T12
-May 20 2020: LK resumes trading
Technical Analysis
-SPY pattern: Fade
-Intraday pattern: Mountain
-Levels: 3.3 - 3.5, 3.8, 4, 4.5, 5
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 4 level
Confluence: Whole $
Strike Zone: 4 - 3.9
Sizing (lots): 2
Risk (stop / Rs): Hold below 4
Review / Lessons Learned
OGT but should have gotten to 2 lots because of the whole $ confluence!
Lessons Learned:
Get to full size by using self talk; remember why you're taking the trade in the first place!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-04 12:14:42 | LK | buy | $3.930 | long |
| 2020-06-04 12:15:25 | LK | sell | $4.020 | long |
| 2020-06-04 12:15:53 | LK | sell | $4.130 | 0 |
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