IGC Trade on Aug 13, 2020 11:51 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

N/a

Catalysts / News / Painting the picture

-Aug 12 2020: FDA Approves Initiation of IGC’s Cannabinoid Trial on Alzheimer’s Patients

Technical Analysis

-SPY pattern: Mountain
-Intraday pattern: Parabolic Fade
-Other notes: N/a

Strategy / Confluence / Sizing Guide / Risk

Strategy: first test long of 3.25 level
Confluence: N/a
Strike Zone: 3.3 - 3.2
Sizing (lots + emergency): 3000
Risk (stop / Rs): Hold below 3.2

Review / Lessons Learned

Stock was creeping back up from its lows and thought it had a chance to squeeze higher, maybe above VWAP for a trap, was wrong and tape stayed heavy, had to cut for a loss... Also, I got too big for this setup IMO, the morning provided the better plays and this was just mid-day chop...

Loss gave back most of my days gains, tilting me unknowingly...

Lessons Learned: Size down during the mid-day chop! (Half of systems size)

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-08-13 11:51:16	IGC	buy	$3.280	long
2020-08-13 11:51:16	IGC	buy	$3.280	long
2020-08-13 11:51:16	IGC	buy	$3.280	long
2020-08-13 11:51:16	IGC	buy	$3.280	long
2020-08-13 11:51:53	IGC	buy	$3.260	long
2020-08-13 11:51:53	IGC	buy	$3.260	long
2020-08-13 11:51:53	IGC	buy	$3.270	long
2020-08-13 11:51:53	IGC	buy	$3.270	long
2020-08-13 11:51:53	IGC	buy	$3.270	long
2020-08-13 11:51:53	IGC	buy	$3.270	long
2020-08-13 11:51:53	IGC	buy	$3.270	long
2020-08-13 11:55:31	IGC	sell	$3.250	long
2020-08-13 11:57:22	IGC	sell	$3.210	long
2020-08-13 11:57:22	IGC	sell	$3.205	long
2020-08-13 11:57:50	IGC	buy	$3.250	long
2020-08-13 11:57:50	IGC	buy	$3.247	long
2020-08-13 11:57:50	IGC	buy	$3.247	long
2020-08-13 11:57:50	IGC	buy	$3.250	long
2020-08-13 11:59:00	IGC	sell	$3.180	long
2020-08-13 11:59:00	IGC	sell	$3.180	long
2020-08-13 11:59:00	IGC	sell	$3.180	long
2020-08-13 11:59:00	IGC	sell	$3.180	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=IGC&trade=18515566&end=20200813122600&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=IGC&trade=18515566&end=20200813132600&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=IGC&trade=18515566&end=20200813160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=IGC&trade=18515566&end=20200912&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}