Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-May 15 2020: Weed sector stronger than SPY because of ACB earnings
-May 21 2020: NY post article: Scientists believe cannabis could help prevent and treat coronavirus
-May 28 2020: Earnings anticipation - reporting tomorrow morning
-Nov 03 2020: Small Weed sector technical rally
Technical Analysis
-SPY pattern: Bull Flag
-Intraday pattern: Bowl
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 long of 20.25 level
Confluence: Whole $
Strike Zone: 20.3 - 20
Sizing (lots + emergency): 250
Risk (stop / Rs): Hold below 20
Review / Lessons Learned
Failed to recycle properly on this trade, should have added again closer to 20 and held a core for longer. although this was not an A setup (due to Gap and test) it would have still been good practice to recycle and hold core. B/E on this one.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-03 09:33:54 | CGC | buy | $20.280 | long |
| 2020-11-03 09:33:55 | CGC | buy | $20.280 | long |
| 2020-11-03 09:34:06 | CGC | buy | $20.280 | long |
| 2020-11-03 09:35:28 | CGC | buy | $20.280 | long |
| 2020-11-03 09:35:28 | CGC | buy | $20.280 | long |
| 2020-11-03 09:38:52 | CGC | sell | $20.310 | long |
| 2020-11-03 09:38:52 | CGC | sell | $20.300 | 0 |
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