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 5.8 level
Confluence: Gap Fill
Strike Zone: 5.9 - 5.7
Sizing (lots + emergency): 1+1
Risk (stop / Rs): Hold below 5.8
Review / Lessons Learned
I knew they were most likely unloading their shelf ATM so I was quick to take profits on any bounce, turns out I missed many nice scalps at this level as it ping-pong'ed between 5.7 and 6 a lot, recycling around a core would have worked wonders for this trade...
Lessons Learned: Don't be afraid to take a little more size early on and recycle if needed!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-07-24 11:04:59 | ABUS | buy | $5.890 | long |
| 2020-07-24 11:04:59 | ABUS | buy | $5.890 | long |
| 2020-07-24 11:05:20 | ABUS | sell | $5.960 | long |
| 2020-07-24 11:05:20 | ABUS | sell | $5.970 | long |
| 2020-07-24 11:05:20 | ABUS | sell | $5.970 | 0 |
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