Shared by
beno
Fundamentals
-No warrants
-No Dilution
-Enough cash for few months
Catalysts / News / Painting the picture
-Sep 24 2020: SPI sympathy
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Bear Flag
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Rotation
Confluence: 1m-JL
Strike Zone: N/a
Sizing (lots + emergency): 1000
Risk (stop / Rs): Hold below 2.3
Review / Lessons Learned
Had the right idea and it was a green trade but I missed the whole thesis of the idea which was a rotation above the 2.5 resistance and into the 2.7 level. The last market order stuff at 2.5 scared me into selling early. It stuffed hard in 1 candle and was taking even more time to get back up, usually stairs up elevator down action is bearish, but in this case shorts were just too trapped.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-09-25 12:04:24 | CBAT | buy | $2.330 | long |
| 2020-09-25 12:04:24 | CBAT | buy | $2.330 | long |
| 2020-09-25 12:04:24 | CBAT | buy | $2.330 | long |
| 2020-09-25 12:09:03 | CBAT | sell | $2.430 | long |
| 2020-09-25 12:10:59 | CBAT | buy | $2.375 | long |
| 2020-09-25 12:12:28 | CBAT | sell | $2.430 | long |
| 2020-09-25 12:13:09 | CBAT | sell | $2.390 | long |
| 2020-09-25 12:13:40 | CBAT | sell | $2.410 | 0 |
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