Shared by
beno
Fundamentals
-Float = 6M
Catalysts / News / Painting the picture
-Oct 26 2020: Announce Entering into Merger Agreement with Newegg Inc.
Technical Analysis
-SPY pattern: Bear Flag
-Intraday pattern: Bear Flag
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Gap & Crap
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 1000
Risk (stop / Rs): 1000
Review / Lessons Learned
Tried to trade the Gap & Crap on this one and hold for further down-side but the 4 floor held all day. Should have been getting in on the clear-out above 4.5 but I really wanted to catch a LH and floor break, green trade but pattern didn't turn out how I thought it would, turned into a big intraday bear flag. +0.75R
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-10-26 09:11:30 | LLIT | sell | $5.770 | short |
| 2020-10-26 09:14:00 | LLIT | buy | $5.580 | short |
| 2020-10-26 09:15:00 | LLIT | buy | $5.580 | 0 |
| 2020-10-26 11:30:08 | LLIT | sell | $4.460 | short |
| 2020-10-26 11:44:04 | LLIT | buy | $4.265 | short |
| 2020-10-26 12:10:23 | LLIT | buy | $4.250 | 0 |
| 2020-10-26 13:16:16 | LLIT | sell | $4.220 | short |
| 2020-10-26 13:16:51 | LLIT | sell | $4.230 | short |
| 2020-10-26 14:01:15 | LLIT | sell | $4.320 | short |
| 2020-10-26 14:01:21 | LLIT | sell | $4.360 | short |
| 2020-10-26 14:16:40 | LLIT | buy | $4.280 | short |
| 2020-10-26 14:17:51 | LLIT | buy | $4.250 | short |
| 2020-10-26 14:20:43 | LLIT | buy | $4.270 | short |
| 2020-10-26 14:33:15 | LLIT | buy | $4.270 | 0 |
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