Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Aug 24 2020: Received Purchase Order of Over US$15 Million For Mobile Point-Of-Sale Device in India
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Mountain
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Distribution
Confluence: N/a
Strike Zone: 1.52 - 1.58
Sizing (lots + emergency): 800
Risk (stop / Rs): 1.61
Review / Lessons Learned
This was my best trade today, what gave me conviction was an already established backside and a really clean supply line on the 1m chart. I didn't hold till my target because I was hawking the tape and started to worry about every tick so I started scaling out too early, this was a mistake.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-08-24 14:51:32 | BRQS | sell | $1.520 | short |
| 2020-08-24 14:53:53 | BRQS | sell | $1.520 | short |
| 2020-08-24 14:57:51 | BRQS | buy | $1.430 | short |
| 2020-08-24 15:01:21 | BRQS | buy | $1.425 | short |
| 2020-08-24 15:03:49 | BRQS | buy | $1.370 | short |
| 2020-08-24 15:04:29 | BRQS | buy | $1.345 | 0 |
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