Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Jul 28 2020: Lands First-Ever Loan Under Defense Production Act, U.S. to Lend $765 Million For Drug Ingredient Push
-Jul 28 2020 AH: Trump gives nod and supports KODK on twitter
-Aug 04 2020: SEC launches investigation
-Aug 08 2020: $765m loan on hold until SEC probe done
Technical Analysis
-SPY pattern: Fade
-Intraday pattern: Consolidation
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Distribution
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 1000
Risk (stop / Rs): 6.22
Review / Lessons Learned
Made the mistake of adding on a leg that made a low above the floor and not at the floor, this means bidders stopped up and trader should be more cautious...
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-09-11 10:14:18 | KODK | sell | $6.150 | short |
| 2020-09-11 10:14:18 | KODK | sell | $6.150 | short |
| 2020-09-11 10:18:58 | KODK | sell | $6.140 | short |
| 2020-09-11 10:18:58 | KODK | sell | $6.140 | short |
| 2020-09-11 10:24:07 | KODK | buy | $6.190 | short |
| 2020-09-11 10:24:07 | KODK | buy | $6.190 | short |
| 2020-09-11 10:40:37 | KODK | sell | $6.190 | short |
| 2020-09-11 10:40:40 | KODK | buy | $6.230 | short |
| 2020-09-11 10:40:40 | KODK | buy | $6.225 | short |
| 2020-09-11 10:40:40 | KODK | buy | $6.230 | 0 |
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