Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Aug 27 2020: open letter to Acquire the SandRidge Permian Trust and Underlying Assets
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Bowl
-Other notes: Halted in afternoon then resumed in AH and gaped down huge
Strategy / Confluence / Sizing Guide / Risk
Strategy: Parabolic Fade
Confluence: N/a
Strike Zone: 1.95 - 2.1
Sizing (lots + emergency): 1000
Risk (stop / Rs): 2.28
Review / Lessons Learned
Had a really nice entry above 2, but the setup didn't follow my stats and fade until 1pm.
Also I repeated the mistake of having an open order on TZ and not being able to use my max size on PED!
Lessons Learned: Don't leave open orders on TZ unless its a stop loss! (It takes BP away)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-08-27 09:53:39 | PED | sell | $2.060 | short |
| 2020-08-27 09:55:13 | PED | buy | $1.870 | short |
| 2020-08-27 10:12:22 | PED | sell | $1.740 | short |
| 2020-08-27 10:31:40 | PED | buy | $1.680 | short |
| 2020-08-27 10:47:10 | PED | sell | $1.790 | short |
| 2020-08-27 10:48:52 | PED | buy | $1.870 | 0 |
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