Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Jun 08 2020: Resuming production / upcoming investor conference
-Jun 09 2020: CEO on Yahoo Finance / Stock popular on Robinhood
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Fade
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Distribution
Confluence: 1min-JL, Half $
Strike Zone: 45.1 - 45.5
Sizing (lots + emergency): 500
Risk (stop / Rs): 45.55
Review / Lessons Learned
Trade of the day, but I mismanaged the trade. Instead of adding on the 1m stall at the floor I took half off in case of another bounce. I cut half because I saw some bid props come in and price went up couple cents instantly so I took that as a potential sign of reversal, perhaps it was the right thing to do, but I still should have added it right back when it couldn't bounce...
Lessons Learned: If you've stopped out / lightened up but price returns to your favor, get back in.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-09-09 12:30:55 | NKLA | sell | $45.170 | short |
| 2020-09-09 12:30:55 | NKLA | sell | $45.170 | short |
| 2020-09-09 12:34:19 | NKLA | sell | $45.440 | short |
| 2020-09-09 12:34:20 | NKLA | sell | $45.440 | short |
| 2020-09-09 12:34:20 | NKLA | sell | $45.440 | short |
| 2020-09-09 12:43:53 | NKLA | buy | $45.150 | short |
| 2020-09-09 12:43:53 | NKLA | buy | $45.147 | short |
| 2020-09-09 12:43:53 | NKLA | buy | $45.150 | short |
| 2020-09-09 12:47:34 | NKLA | buy | $44.620 | short |
| 2020-09-09 12:47:39 | NKLA | buy | $44.660 | short |
| 2020-09-09 12:49:20 | NKLA | buy | $44.290 | short |
| 2020-09-09 12:50:09 | NKLA | buy | $44.330 | short |
| 2020-09-09 12:54:20 | NKLA | buy | $44.200 | 0 |
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