Shared by
beno
Fundamentals
-Float = 35M
Catalysts / News / Painting the picture
-Oct 20 2020: No news / technical / Chinese tickers running sympathy
-Oct 27 2020: no news
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Bull Flag
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Mountain
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 1000
Risk (stop / Rs): Hold above 2.7
Review / Lessons Learned
Main mistake on this trade was not realizing the manipulated action and acting like a sheep when the riggers when hunting for liquidity, should have scalped it more rather then trying to hold for ADF. Also should have gotten in on the 2.8 shelf near EOD. -1.5R
Lessons Learned: When ticker is manipulated, take advantage of their liquidity hunt and stick to scalps rather then ADF's.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-10-27 13:50:57 | WEI | sell | $2.600 | short |
| 2020-10-27 13:51:35 | WEI | sell | $2.620 | short |
| 2020-10-27 13:54:10 | WEI | sell | $2.670 | short |
| 2020-10-27 14:01:15 | WEI | buy | $2.635 | short |
| 2020-10-27 14:02:17 | WEI | buy | $2.700 | 0 |
| 2020-10-27 14:06:37 | WEI | sell | $2.600 | short |
| 2020-10-27 14:14:08 | WEI | buy | $2.480 | short |
| 2020-10-27 14:35:25 | WEI | sell | $2.590 | short |
| 2020-10-27 14:48:27 | WEI | sell | $2.590 | short |
| 2020-10-27 14:50:46 | WEI | sell | $2.600 | short |
| 2020-10-27 14:50:55 | WEI | buy | $2.690 | 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!