Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Aug 06 2020: New IPO today / IPO price of $18
-Aug 21 2020: Earnings anticipation Sept 02
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Consolidation
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Distribution
Confluence: 3min-JL
Strike Zone: 25.6's
Sizing (lots + emergency): 250
Risk (stop / Rs): 25.76
Review / Lessons Learned
A grade distribution trade with a nice symmetrical descending triangle build up, very clear risk.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-08-21 14:54:32 | RKT | sell | $25.620 | short |
| 2020-08-21 14:54:32 | RKT | sell | $25.630 | short |
| 2020-08-21 14:54:32 | RKT | sell | $25.620 | short |
| 2020-08-21 14:54:32 | RKT | sell | $25.620 | short |
| 2020-08-21 14:58:49 | RKT | buy | $25.400 | short |
| 2020-08-21 15:02:06 | RKT | buy | $25.340 | short |
| 2020-08-21 15:02:22 | RKT | buy | $25.270 | short |
| 2020-08-21 15:02:51 | RKT | buy | $25.230 | short |
| 2020-08-21 15:04:04 | RKT | buy | $25.290 | 0 |
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