Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Sep 01 2020: Announce Exclusive License Agreement for Novel Immunotherapy Program
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Consolidation
-Other notes: Many traps looking for liquidity / Rigger activity
Strategy / Confluence / Sizing Guide / Risk
Strategy: Trend rotation
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 500
Risk (stop / Rs): 6.99
Review / Lessons Learned
Had the right idea about the riggers trying to trap shorts and using them for liquidity but it took way longer for them to do so and I was way to early for the play, just got chopped up in the early action and took a loss.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-09-01 10:46:37 | JNCE | buy | $7.200 | long |
| 2020-09-01 10:46:37 | JNCE | buy | $7.200 | long |
| 2020-09-01 10:46:37 | JNCE | buy | $7.200 | long |
| 2020-09-01 10:46:37 | JNCE | buy | $7.200 | long |
| 2020-09-01 10:46:37 | JNCE | buy | $7.200 | long |
| 2020-09-01 10:48:57 | JNCE | sell | $7.090 | long |
| 2020-09-01 10:48:57 | JNCE | sell | $7.093 | long |
| 2020-09-01 10:48:57 | JNCE | sell | $7.090 | long |
| 2020-09-01 10:50:04 | JNCE | buy | $7.170 | long |
| 2020-09-01 10:54:50 | JNCE | sell | $7.030 | long |
| 2020-09-01 10:54:50 | JNCE | sell | $7.033 | long |
| 2020-09-01 10:54:50 | JNCE | sell | $7.030 | long |
| 2020-09-01 10:54:50 | JNCE | sell | $7.030 | long |
| 2020-09-01 10:54:56 | JNCE | sell | $7.010 | 0 |
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