Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Jul 02 2020: No News
-Jul 06 2020: Prelim estimates of Q2 2020
-Jul 15 2020:
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Consolidation
-Other notes: Pennants with higher POCs
Strategy / Confluence / Sizing Guide / Risk
Strategy: Breaking news trade
Confluence: N/a
Strike Zone: 5.2 - 5
Sizing (lots + emergency): 1+1
Risk (stop / Rs): Break and hold below 5
Review / Lessons Learned
I was bored and I heard some breaking news from squawk so I pulled up the chart and saw bids coming in on the tape, so I hit the ask with small size, had a nice move to the 5.3's. Would have added in front of 5 and stopped out if 5 broke.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-07-15 13:34:46 | CEMI | buy | $5.180 | long |
| 2020-07-15 13:35:33 | CEMI | sell | $5.260 | long |
| 2020-07-15 13:35:33 | CEMI | sell | $5.260 | long |
| 2020-07-15 13:35:33 | CEMI | sell | $5.260 | long |
| 2020-07-15 13:36:20 | CEMI | sell | $5.330 | 0 |
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