PLL Trade on Sep 30, 2020 11:56 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

-November 2019 F-3 for $200m, $188m remaining

Catalysts / News / Painting the picture

-Halted since Sep 17, resumed Sep 28
-Sep 28 2020: Signs Sales Agreement With Tesla

Technical Analysis

-SPY pattern: Mountain
-Intraday pattern: Parabolic Fade
-Other notes: N/a

Strategy / Confluence / Sizing Guide / Risk

Strategy: Distribution
Confluence: N/a
Strike Zone: 24.3 - 24.5
Sizing (lots + emergency): 250
Risk (stop / Rs): 24.54 (above micro LH)

Review / Lessons Learned

In hindsight the liquidity was way too dry for this to be a good setup, even my mentor called it out as a B setup, should have avoided...

Lessons Learned:

Don't trade dry / illiquid setups!

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-09-30 11:56:38	PLL	sell	$24.310	short
2020-09-30 11:56:38	PLL	sell	$24.310	short
2020-09-30 11:56:38	PLL	sell	$24.310	short
2020-09-30 12:05:38	PLL	buy	$24.599	short
2020-09-30 12:05:38	PLL	buy	$24.599	short
2020-09-30 12:05:38	PLL	buy	$24.600	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=PLL&trade=19925791&end=20200930123238&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=PLL&trade=19925791&end=20200930133238&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=PLL&trade=19925791&end=20200930160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=PLL&trade=19925791&end=20201030&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}