Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Aug 25 2020: Achieves Milestone Flying on 1,000 Business Jets; AVANCE L3 Nears 450 Installations
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Bull Flag
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test short of 9.17 level
Confluence: N/a
Strike Zone: 9.15 - 9.25
Sizing (lots + emergency): 500
Risk (stop / Rs): 9.33
Review / Lessons Learned
Took starter then went ITM right away so took half off below 9, went to goo add it back on but then got stopped out (my stop was too tight), I made the mistake of not fully knowing my plan, had I treated this as strictly a First Test scalp I should have covered all below 9 as target would be hit. But decided to hold half in case this is a "Mountain" pattern.
Lessons Learned:
- Define the trade your taking / don't get in then determine the setup, determine setup first then trade it.
- Don't stop out at S/R levels (add spot)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-09-02 12:03:04 | GOGO | sell | $9.140 | short |
| 2020-09-02 12:03:04 | GOGO | sell | $9.140 | short |
| 2020-09-02 12:03:05 | GOGO | sell | $9.140 | short |
| 2020-09-02 12:03:59 | GOGO | buy | $8.980 | short |
| 2020-09-02 12:05:50 | GOGO | sell | $9.180 | short |
| 2020-09-02 12:05:50 | GOGO | sell | $9.180 | short |
| 2020-09-02 12:05:50 | GOGO | sell | $9.180 | short |
| 2020-09-02 12:07:04 | GOGO | buy | $9.267 | short |
| 2020-09-02 12:07:04 | GOGO | buy | $9.270 | short |
| 2020-09-02 12:07:22 | GOGO | buy | $9.360 | short |
| 2020-09-02 12:07:22 | GOGO | buy | $9.360 | 0 |
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