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: Distribution
Confluence: 1m-JL
Strike Zone: 1.35 - 1.33
Sizing (lots + emergency): 2000
Risk (stop / Rs): 1.37
Review / Lessons Learned
Trade of the day but I covered slightly before my target because bids stepped in right in front of it. Fully sized into this one as I missed the bulk of Mountain backside and this Distribution was A+ due to weakness. +2R
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-10-15 15:06:41 | MTC | sell | $1.345 | short |
| 2020-10-15 15:08:39 | MTC | sell | $1.330 | short |
| 2020-10-15 15:10:38 | MTC | buy | $1.270 | short |
| 2020-10-15 15:11:06 | MTC | buy | $1.250 | short |
| 2020-10-15 15:11:21 | MTC | buy | $1.250 | short |
| 2020-10-15 15:12:57 | MTC | buy | $1.250 | short |
| 2020-10-15 15:14:49 | MTC | buy | $1.260 | 0 |
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