Shared by
beno
Fundamentals
-Float = 7M
Catalysts / News / Painting the picture
-Nov 12 2020: Expands Missouri Footprint with Acquisition of Lockwood Chiropractic in Webster Groves
Technical Analysis
-SPY pattern: Fade
-Intraday pattern: Parabolic Fade
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Parabolic Fade
Confluence: N/a
Strike Zone: 1.8 - 2.1
Sizing (lots + emergency): 1000 (only had 300 borrows at first, couldn't locate any more)
Risk (stop / Rs): Hold above 2
Review / Lessons Learned
Wish I had borrows for this earlier as this was A+ Parabolic Fade. When I did enter I could only locate 300 shares which aggravated me. Still shorted what I had borrowed and tried to get more shares but I couldn't get more. I ended up getting more which I then used on the distribution add, got me an extra R on full size. +2R (more like +1 R since 1 of the R's were only on small size)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-12 11:23:30 | IMAC | sell | $1.820 | short |
| 2020-11-12 11:30:14 | IMAC | buy | $1.680 | short |
| 2020-11-12 11:49:48 | IMAC | buy | $1.590 | short |
| 2020-11-12 12:50:38 | IMAC | sell | $1.550 | short |
| 2020-11-12 12:51:41 | IMAC | sell | $1.520 | short |
| 2020-11-12 12:53:17 | IMAC | buy | $1.470 | short |
| 2020-11-12 12:53:20 | IMAC | buy | $1.470 | short |
| 2020-11-12 12:55:40 | IMAC | buy | $1.480 | short |
| 2020-11-12 12:56:28 | IMAC | buy | $1.470 | short |
| 2020-11-12 12:57:27 | IMAC | buy | $1.470 | 0 |
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