Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Jul 08 2020: Earnings / Still burning cash
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Bull Flag
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 9.4 level
Confluence: N/a
Strike Zone: 9.45 - 9.3
Sizing (lots + emergency): 250
Risk (stop / Rs): 9.19
Review / Lessons Learned
Completely messed up this trade, read it wrong and didn't realize that majority of float was locked below level (only saw this in hindsight)... Also I noticed that the 9.4's bids held cleanly and I didn't get back in, volume gave hints as well, just a horrible trade, pretty disappointed in myself on this one, B/E
Lessons Learned:
- Before entering any trade, determine whether its A+ or not
- Check float of stock, look where float is locked currently!!! (to judge above)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-10-08 10:45:36 | JMIA | buy | $9.420 | long |
| 2020-10-08 10:45:36 | JMIA | buy | $9.420 | long |
| 2020-10-08 10:45:36 | JMIA | buy | $9.418 | long |
| 2020-10-08 10:52:03 | JMIA | sell | $9.420 | 0 |
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