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beno

 

NNDM

Oct 16, 2020 14:16


Tags:

Swing Frontside Scalping Lessons Learned LIVE Intraday Backside IB ETB Distribution

Fundamentals

-Float = 69.7M

Catalysts / News / Painting the picture

-May 19 2020: HENSOLDT and Nano Dimension Achieve Breakthrough in Electronics 3D Printing
-Jun 02 2020: company technology approved and deployed for US Army

Technical Analysis

-SPY pattern: Parabolic Fade
-Intraday pattern: Descending Triangle
-Other notes: N/a

Strategy / Confluence / Sizing Guide / Risk

Strategy: Distribution
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 1000
Risk (stop / Rs): 5.07

Review / Lessons Learned

I think the key mistake here was smacking the bid before seeing the 5.01 bid prop be taken out fully (because 5 had enough liquidity to enter anyways). -1R on this, just too many layers of shorts stuck making it tough to trade.

Lessons Learned: Wait for original bid prop to be fully taken before hitting the bids on a distribution trade.


Execution detail:

Date/time Symbol Side Price Position
2020-10-16 14:16:41 NNDM sell $5.010 short
2020-10-16 14:16:52 NNDM buy $5.080 short
2020-10-16 14:16:52 NNDM buy $5.080 short
2020-10-16 14:16:52 NNDM buy $5.080 short
2020-10-16 14:16:52 NNDM buy $5.080 0


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