Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-No news
-Jul 20 2020: Positive MRNA vaccine news / sector sympathy
-Aug 24 2020: FDA issued emergency use authorization for convalescent plasma as a potential COVID–19 treatment
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Mountain
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Mountain
Confluence: N/a
Strike Zone: 2.45 - 2.55
Sizing (lots + emergency): 1000
Risk (stop / Rs): 2.56
Review / Lessons Learned
Really good Mountain setup but it hovered near highs for too long and I got stopped out when swing high got cleared out. Should have gotten back in when that structure got cleared and stock broke down - hard to get filled on SSR.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-08-24 12:13:56 | IBIO | sell | $2.480 | short |
| 2020-08-24 12:13:56 | IBIO | sell | $2.480 | short |
| 2020-08-24 12:16:53 | IBIO | sell | $2.530 | short |
| 2020-08-24 12:16:53 | IBIO | sell | $2.530 | short |
| 2020-08-24 12:16:53 | IBIO | sell | $2.530 | short |
| 2020-08-24 12:23:05 | IBIO | buy | $2.480 | short |
| 2020-08-24 12:23:05 | IBIO | buy | $2.477 | short |
| 2020-08-24 12:26:56 | IBIO | sell | $2.530 | short |
| 2020-08-24 12:27:09 | IBIO | buy | $2.560 | short |
| 2020-08-24 12:27:09 | IBIO | buy | $2.560 | short |
| 2020-08-24 12:27:09 | IBIO | buy | $2.560 | short |
| 2020-08-24 12:27:09 | IBIO | buy | $2.560 | short |
| 2020-08-24 12:27:09 | IBIO | buy | $2.560 | 0 |
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