LK Trade on Jun 5, 2020 14:36 from beno: Tradervue User Stock Trades.

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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: Consolidation
-Intraday pattern: Parabolic Fade
-Levels: 4.8 - 5, 5.5, 6, 6.75

Strategy / Confluence / Sizing Guide / Risk

Strategy: FT-15 long of 4.9 level
Confluence: Gap Fill
Strike Zone: 4.94 - 4.80
Sizing (lots): 3
Risk (stop / Rs): Hold below 4.80

Review / Lessons Learned

OGT but didn't get to full size.

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
2020-06-05 14:36:19 LK buy $4.930 long
2020-06-05 14:36:19 LK buy $4.930 long
2020-06-05 14:36:19 LK buy $4.940 long
2020-06-05 14:36:19 LK buy $4.940 long
2020-06-05 14:36:57 LK sell $4.970 long
2020-06-05 14:36:57 LK sell $4.970 long
2020-06-05 14:36:57 LK sell $4.970 long
2020-06-05 14:37:34 LK buy $4.910 long
2020-06-05 14:37:36 LK buy $4.890 long
2020-06-05 14:37:36 LK buy $4.890 long
2020-06-05 14:37:36 LK buy $4.890 long
2020-06-05 14:40:51 LK sell $4.940 long
2020-06-05 14:40:51 LK sell $4.940 long
2020-06-05 14:40:51 LK sell $4.940 long
2020-06-05 14:41:10 LK sell $4.970 long
2020-06-05 14:41:10 LK sell $4.970 long
2020-06-05 14:41:13 LK sell $5.030 long
2020-06-05 14:41:13 LK sell $5.030 long
2020-06-05 14:42:01 LK sell $5.060 long
2020-06-05 14:42:01 LK sell $5.060 long
2020-06-05 14:43:30 LK sell $5.140 long
2020-06-05 14:43:30 LK sell $5.140 0


Comments

2020-06-06 15:22:48
 

Awesome dip buy.

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