WORX Trade on Aug 26, 2020 09:38 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

N/a

Catalysts / News / Painting the picture

-Aug 14 2020: new COO and director

Technical Analysis

-SPY pattern: Runner
-Intraday pattern: Parabolic Fade
-Other notes: N/a

Strategy / Confluence / Sizing Guide / Risk

Strategy: Gap & Crap
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 500
Risk (stop / Rs): 2.32

Review / Lessons Learned

Though I would catch the early backside and catch the gap & crap but the intraday pattern turned out to be a parabolic fade. I should have waited for further early downside weakness before trying the Gap & Crap pattern.

Lessons Learned: When trying the Gap & Crap pattern, make sure you wait for obvious weakness at the open before jumping in, otherwise your dealing with a ParaFade or Mountain pattern

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-08-26 09:38:05	WORX	sell	$2.200	short
2020-08-26 09:38:38	WORX	buy	$2.339	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=WORX&trade=18904754&end=20200826100838&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=WORX&trade=18904754&end=20200826110838&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=WORX&trade=18904754&end=20200826160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=WORX&trade=18904754&end=20200925&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}