Shared by
beno
Fundamentals
-Float = 11.7M
Catalysts / News / Painting the picture
-Earnings: $21.3M in cash
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Bull Flag
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Parabolic Fade
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 600
Risk (stop / Rs): Hold above 3.7
Review / Lessons Learned
Entered into liquidity trap above 3.25 and before the 3.7 liquidity trap, should have added at 3.8 which was about 3.7 liquidity target, instead I froze and didn't add. -2.5R (-3R with borrows)
Lessons Learned: When trading manipulated stocks, enter when liquidity targets are reached!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-05 13:01:26 | ONCT | sell | $3.020 | short |
| 2020-11-05 13:03:23 | ONCT | sell | $3.352 | short |
| 2020-11-05 13:06:39 | ONCT | buy | $3.600 | short |
| 2020-11-05 13:09:49 | ONCT | buy | $3.490 | short |
| 2020-11-05 13:10:26 | ONCT | buy | $3.530 | 0 |
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