Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Jul 23 2020: Won nano particle patent against MRNA
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Fade
-Other notes: Believed that they were using up their shelf ATM today, they could have let this thing run hard!
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 7.5 in PM
Confluence: Half $
Strike Zone: 7.6 - 7.5
Sizing (lots + emergency): 1+1
Risk (stop / Rs): Hold below 7.5
Review / Lessons Learned
Took a small win but I got faked out by weak tape, they based above 7.5 just long enough to convince me that it couldn't bounce more but I was wrong and missed some nice gains! I think I should use self talk by telling myself what my stop criteria is all the time because I feel like more often than not I cut way to early due to seeing a Reason2Sell on the tape.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-07-24 09:17:55 | ABUS | buy | $7.530 | long |
| 2020-07-24 09:20:35 | ABUS | sell | $7.560 | long |
| 2020-07-24 09:20:35 | ABUS | sell | $7.560 | 0 |
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