NKLA Trade on Oct 1, 2020 14:12 from beno: Tradervue User Stock Trades.

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beno

 

Fundamentals

N/a

Catalysts / News / Painting the picture

-Jun 08 2020: Resuming production / upcoming investor conference
-Jun 09 2020: CEO on Yahoo Finance / Stock popular on Robinhood
-Sep 09 2020: Hindenburg short report / Citron backing them up / Company to respond next week
-Sep 30 2020: company issued a statement on strategy and vision

Technical Analysis

-SPY pattern: Consolidation
-Intraday pattern: Mountain
-Other notes: N/a

Strategy / Confluence / Sizing Guide / Risk

Strategy: Distribution Combo
Confluence: N/a
Strike Zone: 23.4 - 23.55
Sizing (lots + emergency): 250
Risk (stop / Rs): 23.6 reclaim

Review / Lessons Learned

Should have taken off all size when structural target was reached, instead of holding core and going for combo trade (especially on NKLA which is known ticker to make D-LLHH)...

Lessons Learned: If distribution target is reached, take off entire position, don't hold core for combo trade!

image


Execution detail:

Date/time Symbol Side Price Position
2020-10-01 14:12:40 NKLA sell $23.420 short
2020-10-01 14:18:37 NKLA buy $22.970 short
2020-10-01 14:18:37 NKLA buy $22.970 short
2020-10-01 14:22:58 NKLA sell $23.350 short
2020-10-01 14:24:14 NKLA sell $23.400 short
2020-10-01 14:24:14 NKLA sell $23.400 short
2020-10-01 14:28:58 NKLA buy $23.500 short
2020-10-01 14:28:58 NKLA buy $23.500 0


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