Shared by
beno
Fundamentals
-Float = 5.6M
Catalysts / News / Painting the picture
-Oct 26 2020: Grill Acquires Manhattan Location
Technical Analysis
-SPY pattern: Bear Flag
-Intraday pattern: Gap & Crap
-Other notes: Pattern wasn't clean as it cleared out HOD after a display of weakness
Strategy / Confluence / Sizing Guide / Risk
Strategy: Gap & Crap
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 1000
Risk (stop / Rs): Hold above 2.35
Review / Lessons Learned
Trade set up perfectly but it clear-out HOD and stopped me out. My main mistake was not getting back in after seeing the high volume done at new HOD (which was only slightly higher then first one), Would have made back my losses and then some, managed poorly in hindsight. -2R
Lessons Learned: If a backside pattern clears out HOD then fails again, get back in on a LH!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-10-26 09:57:38 | GRIL | sell | $2.140 | short |
| 2020-10-26 09:58:21 | GRIL | sell | $2.141 | short |
| 2020-10-26 10:00:32 | GRIL | sell | $2.200 | short |
| 2020-10-26 10:01:27 | GRIL | sell | $2.280 | short |
| 2020-10-26 10:12:37 | GRIL | sell | $2.200 | short |
| 2020-10-26 10:18:36 | GRIL | buy | $2.390 | 0 |
| 2020-10-26 12:47:47 | GRIL | sell | $2.070 | short |
| 2020-10-26 12:53:07 | GRIL | buy | $1.979 | short |
| 2020-10-26 15:14:25 | GRIL | sell | $2.080 | short |
| 2020-10-26 15:14:49 | GRIL | sell | $2.120 | short |
| 2020-10-26 15:24:15 | GRIL | buy | $2.100 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!