N/a
-Aug 27 2020: Earnings - Revs up 42% Y/Y, GAAP EPS -0.48 compared to analysts 0.07
-SPY pattern: Afternoon Runner
-Intraday pattern: Fade
-Other notes: N/a
Strategy: Distribution
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 50
Risk (stop / Rs): 211.84
Stop was too tight, should have risk a new HH instead of a micro-high.
Lessons Learned: When shorting distributions, always risk the HH (Highs that form the trend - a double top could still happen)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-08-28 13:44:54 | OKTA | sell | $211.600 | short |
2020-08-28 13:53:30 | OKTA | buy | $211.970 | 0 |
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