Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Aug 20 2020: Exceeds $1.5B in Long-Term Revenue Contracts with Signing of Trafigura
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Runner
-Other notes: Huge volume (950M) very grindy, can get shaken out watching tape
Strategy / Confluence / Sizing Guide / Risk
Strategy: Mountain
Confluence: N/a
Strike Zone: 1.6 - 1.7
Sizing (lots + emergency): 1000
Risk (stop / Rs): above 1.65 double top
Review / Lessons Learned
Wasn't the best Mountain trade because the average -27% MFE of mountain was at 1.6 in the case and thats where I started scaling in, so according to my data there was no upside to the trade, but it still looked good so I tried it. stopped out for small 1R loss.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-08-20 13:52:36 | GEVO | sell | $1.540 | short |
| 2020-08-20 13:56:15 | GEVO | sell | $1.590 | short |
| 2020-08-20 14:00:52 | GEVO | buy | $1.645 | 0 |
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