Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Jun 08 2020: Resuming production / upcoming investor conference
-Jun 09 2020: CEO on Yahoo Finance / Stock popular on Robinhood
Technical Analysis
-SPY pattern: Fade
-Intraday pattern: Mountain
-Levels: 53, 58.5, 61 - 62, 65, 69
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 62.5 level
Confluence: Half $, VWAP
Strike Zone: 62.5 - 61
Sizing (lots): 2
Risk (stop / Rs): Hold below 61
Review / Lessons Learned
The setup was supposed to be taken with 4 lots but I didn't have enough buying power, so I could only take it with 2 lots (1 at the level and 1 in case of emergencies). RISK MANAGEMENT ALWAYS COMES FIRST!!
Started scaling out 1/5 at a time (30 shares) then accidentally sold all of it at 64 with an extra 60 shares to short; I almost flipped short but the remainder of my order didn't get filled, got lucky!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-11 11:42:23 | NKLA | buy | $62.620 | long |
| 2020-06-11 11:42:24 | NKLA | buy | $62.620 | long |
| 2020-06-11 11:43:55 | NKLA | sell | $63.490 | long |
| 2020-06-11 11:44:04 | NKLA | sell | $63.540 | long |
| 2020-06-11 11:44:47 | NKLA | sell | $64.000 | 0 |
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