OPTT Trade on Oct 7, 2020 10:58 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

Float = 16M

Catalysts / News / Painting the picture

-Oct 06 2020: Technical / possibly hurricane delta category 4 upgrade

Technical Analysis

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

Strategy / Confluence / Sizing Guide / Risk

Strategy: First Test Long of 3.2 level
Confluence: N/a
Strike Zone: 3.25 - 3.15
Sizing (lots + emergency): 1000 (didn't get big enough in this trade)
Risk (stop / Rs): Hold below 3.1

Review / Lessons Learned

Only trade of the day, this was A+ and should have taken with bigger size with a higher PT.

Lessons Learned:

Come up with more intuitive targets for First Test (like HH clear-out or HOD clear-out)
Take A+ setups with 2x size

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-10-07 10:58:01	OPTT	buy	$3.255	long
2020-10-07 11:02:12	OPTT	buy	$3.180	long
2020-10-07 11:02:12	OPTT	buy	$3.180	long
2020-10-07 11:02:13	OPTT	buy	$3.180	long
2020-10-07 11:02:13	OPTT	buy	$3.180	long
2020-10-07 11:04:48	OPTT	sell	$3.290	long
2020-10-07 11:05:13	OPTT	sell	$3.360	long
2020-10-07 11:06:16	OPTT	sell	$3.360	long
2020-10-07 11:06:41	OPTT	sell	$3.330	long
2020-10-07 11:06:41	OPTT	sell	$3.330	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=OPTT&trade=20123365&end=20201007113341&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=OPTT&trade=20123365&end=20201007123341&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=OPTT&trade=20123365&end=20201007160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=OPTT&trade=20123365&end=20201106&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}