Shared by
beno
Fundamentals
-Float = 7M
Catalysts / News / Painting the picture
-Oct 15 2020: No news / technical
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Mountain
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Mountain
Confluence: N/a
Strike Zone: 1.7 - 1.95
Sizing (lots + emergency): 2000
Risk (stop / Rs): Hold above 1.9
Review / Lessons Learned
Stock didn't pop and only made bear flags on the backside, I was keeping my full size for a bigger bounce that never came. So I only got to 1/4 size and captured only 1 leg, only made back my borrow costs on this one, +1R (B/E with borrows). I will be checking how often this pattern yields bear flags vs actual bounces on the backside (will need stats to help me determine how to better trade this)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-10-15 12:33:19 | MTC | sell | $1.690 | short |
| 2020-10-15 12:38:06 | MTC | buy | $1.526 | short |
| 2020-10-15 12:40:46 | MTC | buy | $1.510 | short |
| 2020-10-15 12:41:55 | MTC | buy | $1.520 | 0 |
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