Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Aug 19 2020: Allied Esports Odyssey Tournament Sets Company Viewership Record with 1.6 Million Live Views Over Six-Day Event
Technical Analysis
-SPY pattern: Fade
-Intraday pattern: Moutain
-Other notes: Similar pattern to recent tickers FAMI, LODE and GRNQ (Mountain with strong backside)
Strategy / Confluence / Sizing Guide / Risk
Strategy: No Playbook, trying to long for another HOD clear-out
Confluence: Half $
Strike Zone: N/a
Sizing (lots + emergency): 1000
Risk (stop / Rs): 2.49 (first attempt) and 2.59 (second attempt)
Review / Lessons Learned
Was expecting it to clear out HOD again and make a micro-shelf before initiating backside, so I tried to long the accumulation and anticipate it but sellers were too strong.
This was a pattern I've been noticing lately and I didn't have a playbook on it so I stuck with small size and a tight stop.
I successfully shorted that backside after the rug pull on my TZ account.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-08-19 12:57:49 | AESE | buy | $2.530 | long |
| 2020-08-19 12:57:49 | AESE | buy | $2.530 | long |
| 2020-08-19 12:58:24 | AESE | sell | $2.490 | long |
| 2020-08-19 12:58:24 | AESE | sell | $2.490 | 0 |
| 2020-08-19 13:03:00 | AESE | buy | $2.640 | long |
| 2020-08-19 13:03:00 | AESE | buy | $2.640 | long |
| 2020-08-19 13:05:41 | AESE | sell | $2.580 | long |
| 2020-08-19 13:05:41 | AESE | sell | $2.580 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!