Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Jun 23 2020: Plug Power Acquires United Hydrogen Group and Giner ELX
-EV sector sympathy play
-Aug 10 2020: Running on technicals
-Nov 04 2020: Recent EV sector strength
-Nov 10 2020: Multiple PT upgrades (Roth/$22 & HCW/$30)
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Bowl
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 long of 19 level
Confluence: Whole $
Strike Zone: 19 - 18.7
Sizing (lots + emergency): 250
Risk (stop / Rs): Hold below 18.7
Review / Lessons Learned
I really wanted a flush of 19 to add bigger size but it never came, bids held up 19 level very well, should have added more size as time went on and level kept being defended but I didn't (mistake). Still +2R on this one.
Lessons Learned: Get bigger in A+ setups! (A- and lower should be 50%+50% adds, A+ setups should be 100%+100% adds)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-10 10:47:44 | PLUG | buy | $19.075 | long |
| 2020-11-10 10:47:44 | PLUG | buy | $19.080 | long |
| 2020-11-10 10:56:47 | PLUG | sell | $19.565 | long |
| 2020-11-10 10:58:34 | PLUG | sell | $19.485 | long |
| 2020-11-10 11:06:07 | PLUG | sell | $19.730 | long |
| 2020-11-10 11:13:25 | PLUG | sell | $19.870 | long |
| 2020-11-10 11:20:18 | PLUG | sell | $19.800 | 0 |
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