Shared by
beno
Fundamentals
-Float = 1.15M
Catalysts / News / Painting the picture
-Oct 28 2020: Announces Exclusive Licensing and Joint Development Agreement with Axis Lighting to Commercialize LED-based Technologies
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): 400
Risk (stop / Rs): above 10.5
Review / Lessons Learned
Borrows were expensive on this one (took almost half of gains) and my risk was wide from my AVG price which is why my R/R was only 1R. It had float rotated after HOD clear-out then made a LH so all fresh longs stuck; could have been nasty otherwise...
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-10-28 09:47:22 | AUVI | sell | $9.150 | short |
| 2020-10-28 09:52:25 | AUVI | sell | $9.680 | short |
| 2020-10-28 09:57:02 | AUVI | sell | $10.290 | short |
| 2020-10-28 10:06:26 | AUVI | buy | $8.720 | short |
| 2020-10-28 10:22:46 | AUVI | buy | $8.100 | short |
| 2020-10-28 11:20:01 | AUVI | buy | $8.190 | 0 |
Comments
beno
Yeah, risk was wide, but many of these nano float gappers turned into all day fades lately, which is where I got conviction to hold. For the photo you just need to drag and drop it into the text box from your file explorer. GL in the markets!
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Great trade Beno. Wide risk though!
Quick question:
How did you embed the photo in the trade notes. I see no function to do that on Tradervue.. Mine only adds a hyperlink, so I'm thinking my only option is to put all charts on a blog or website so I can link.
Hope you don't mind me asking.. Thanks!