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
-Sep 09 2020: Hindenburg short report / Citron backing them up / Company to respond next week
Technical Analysis
-SPY pattern: Fade
-Intraday pattern: Bear Flag
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 31.85
Confluence: 1min-JL
Strike Zone: 31.9 - 31.8
Sizing (lots + emergency): 250
Risk (stop / Rs): Hold below 31.8
Review / Lessons Learned
Trade of the day, I was anticipating a distribution trade but the bidders were too aggressive so instead I was presented with the opportunity to take a long scalp. Could be seen as a trend rotation / accumulation trade but there was no follow through on order flow so I took profits at resistance.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-09-11 13:50:38 | NKLA | buy | $31.890 | long |
| 2020-09-11 13:50:38 | NKLA | buy | $31.890 | long |
| 2020-09-11 13:50:38 | NKLA | buy | $31.890 | long |
| 2020-09-11 13:50:38 | NKLA | buy | $31.890 | long |
| 2020-09-11 13:52:30 | NKLA | sell | $32.220 | long |
| 2020-09-11 13:52:41 | NKLA | sell | $32.210 | long |
| 2020-09-11 13:52:41 | NKLA | sell | $32.210 | long |
| 2020-09-11 13:52:50 | NKLA | sell | $32.170 | long |
| 2020-09-11 13:54:18 | NKLA | sell | $32.270 | long |
| 2020-09-11 13:55:11 | NKLA | sell | $32.140 | 0 |
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