Shared by
beno
Fundamentals
Float = 6M
Catalysts / News / Painting the picture
-Sep 29 2020: Many energy companies popping in PM today
Technical Analysis
-SPY pattern: Fade
-Intraday pattern: Parabolic Fade
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Rotation
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 1000
Risk (stop / Rs): Hold below 4
Review / Lessons Learned
Gave back last weeks gains to this trade, was oversized for this setup, convicted because others in my room were long, had chased the entry so my average was bad, then it instantly rug pulled 70 cents, I panic stopped out at the low of the leg... Many lessons learned on this one, notable ones below:
Lessons Learned:
- Never size up in setups that you underperform in! (Many of my rotation setups are failing lately)
- Never chase entries (chasing strength) on any setup, the bad average will make you uneasy when it does pullback!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-09-29 14:49:34 | HUSA | buy | $4.240 | long |
| 2020-09-29 14:49:34 | HUSA | buy | $4.240 | long |
| 2020-09-29 14:49:34 | HUSA | buy | $4.240 | long |
| 2020-09-29 14:55:20 | HUSA | buy | $4.170 | long |
| 2020-09-29 14:59:06 | HUSA | sell | $3.520 | long |
| 2020-09-29 14:59:06 | HUSA | sell | $3.520 | long |
| 2020-09-29 14:59:06 | HUSA | sell | $3.520 | 0 |
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