OKTA Trade on Aug 28, 2020 13:44 from beno: Tradervue User Stock Trades.

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beno

 

Fundamentals

N/a

Catalysts / News / Painting the picture

-Aug 27 2020: Earnings - Revs up 42% Y/Y, GAAP EPS -0.48 compared to analysts 0.07

Technical Analysis

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

Strategy / Confluence / Sizing Guide / Risk

Strategy: Distribution
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 50
Risk (stop / Rs): 211.84

Review / Lessons Learned

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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