Shared by
beno
Fundamentals
Float = 3M
Catalysts / News / Painting the picture
-Oct 14 2020: Announces Series A Preferred Stock Cash Dividend ($0.5 per share)
Technical Analysis
-SPY pattern: Fade
-Intraday pattern: Parabolic Fade
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Parabolic Fade
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 1000
Risk (stop / Rs): Hold above 4.2
Review / Lessons Learned
Red after 1rst attempt due to nasty backside clear-out above 4.5, but rigger was only searching for liquidity and they dumped it (clear change in volume after second dump) for a second death candle where I got back in and made it back plus more. I cut it after they held the 3.3 again, I waited for clear weakness sign before jumping back in, when I saw the distribution weakness near EOD I smacked bids but only got filled 1/4 of my size. Overall, happy with how I traded but I wish I would have filled all my size on my last attempt, I since edited my take liquidity hot keys to off-set my limit order by 2 cents (so I swipe a bigger piece of market). 3R on this one today.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-10-14 10:26:41 | MDRR | sell | $4.190 | short |
| 2020-10-14 10:28:33 | MDRR | buy | $3.650 | short |
| 2020-10-14 10:42:23 | MDRR | sell | $3.630 | short |
| 2020-10-14 10:46:45 | MDRR | buy | $3.330 | short |
| 2020-10-14 10:55:17 | MDRR | sell | $3.730 | short |
| 2020-10-14 10:57:38 | MDRR | sell | $3.900 | short |
| 2020-10-14 11:00:28 | MDRR | buy | $3.580 | short |
| 2020-10-14 11:09:23 | MDRR | sell | $4.230 | short |
| 2020-10-14 11:16:03 | MDRR | buy | $4.200 | short |
| 2020-10-14 11:17:47 | MDRR | buy | $4.190 | short |
| 2020-10-14 11:19:26 | MDRR | buy | $4.300 | 0 |
| 2020-10-14 11:26:21 | MDRR | sell | $4.110 | short |
| 2020-10-14 11:27:57 | MDRR | sell | $3.970 | short |
| 2020-10-14 11:43:06 | MDRR | buy | $3.520 | short |
| 2020-10-14 11:50:09 | MDRR | sell | $3.775 | short |
| 2020-10-14 11:54:32 | MDRR | buy | $3.645 | short |
| 2020-10-14 12:04:55 | MDRR | sell | $3.640 | short |
| 2020-10-14 12:06:32 | MDRR | buy | $3.460 | short |
| 2020-10-14 12:10:55 | MDRR | buy | $3.429 | short |
| 2020-10-14 12:22:21 | MDRR | buy | $3.468 | short |
| 2020-10-14 12:25:42 | MDRR | buy | $3.370 | short |
| 2020-10-14 12:26:11 | MDRR | buy | $3.330 | short |
| 2020-10-14 12:32:10 | MDRR | sell | $3.530 | short |
| 2020-10-14 12:32:55 | MDRR | buy | $3.610 | 0 |
| 2020-10-14 15:05:12 | MDRR | sell | $3.610 | short |
| 2020-10-14 15:05:48 | MDRR | buy | $3.390 | 0 |
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