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 EoD backside)
Strategy / Confluence / Sizing Guide / Risk
Strategy: Mountain
Confluence: N/a
Strike Zone: 2.3 - 2.5
Sizing (lots + emergency): 1000
Risk (stop / Rs): 2.5 reclaim and hold
Review / Lessons Learned
2.5 was neck line and breakdown level where it was making a LL below it. Wanted to get bigger but had an old order reserving all my BP so I missed size, Should have added full size when it popped to high 2.3's. My first Mountain trade ever, worked out really well! I just need to size bigger into these now. My target (according to data) was 2.09 so I scaled out above and below my target, call that a win
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-08-19 13:08:37 | AESE | sell | $2.410 | short |
| 2020-08-19 13:24:37 | AESE | sell | $2.370 | short |
| 2020-08-19 13:32:19 | AESE | buy | $2.120 | short |
| 2020-08-19 14:07:08 | AESE | buy | $1.940 | 0 |
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