Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Sep 22 2020: Earnings - Sales up 12%, EPS up 10% Q/Q
Technical Analysis
-SPY pattern: Fade
-Intraday pattern: Fade
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Distribution
Confluence: N/a
Strike Zone: 126.5 - 127.5
Sizing (lots + emergency): 250
Risk (stop / Rs): Hold above 127.5
Review / Lessons Learned
Started scaling short and kept adding into resistance, made a LL-HH so I was on the defense with this one, last short for distribution was at 127.4, stopped out of 2/3 after it broke above 127.5, re-added at 128 because that was resistance, caught a small move back down to 127.4 in order to minimize the loss, big market order came in so took it all off as it was about to rotate higher
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-09-23 11:06:54 | NKE | sell | $126.690 | short |
| 2020-09-23 11:09:37 | NKE | sell | $127.090 | short |
| 2020-09-23 11:13:45 | NKE | sell | $127.400 | short |
| 2020-09-23 11:15:24 | NKE | buy | $127.550 | short |
| 2020-09-23 11:15:24 | NKE | buy | $127.550 | short |
| 2020-09-23 11:16:18 | NKE | sell | $127.650 | short |
| 2020-09-23 11:16:33 | NKE | sell | $127.602 | short |
| 2020-09-23 11:21:49 | NKE | buy | $127.370 | short |
| 2020-09-23 11:22:03 | NKE | buy | $127.480 | short |
| 2020-09-23 11:22:03 | NKE | buy | $127.480 | 0 |
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