Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-May 14 2020: Earnings - Net rev up 15% Q/Y - Weed sector strong compared to SPY
-May 21 2020: NY Post - Scientists believe cannabis could help prevent and treat coronavirus
-Sep 22 2020: Reporting earnings tonight
-Nov 06 2020: Sympathy from Joe Biden as potential president
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Mountain
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: First Test long of 10
Confluence: VWAP, Whole $
Strike Zone: 10 - 9.9
Sizing (lots + emergency): 250
Risk (stop / Rs): 9.4 trade would be in play with 9.25 risk
Review / Lessons Learned
Was already extended and was thinking that 9.4 might not get tested right away so I got in for an earlier bounce, sold for okay profits but I would have size bigger had it tested 9.4 which would have been an A+ setup.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-06 11:13:12 | ACB | buy | $9.950 | long |
| 2020-11-06 11:13:12 | ACB | buy | $9.950 | long |
| 2020-11-06 11:15:29 | ACB | sell | $10.230 | 0 |
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