Shared by
beno
Fundamentals
-Float = 3M
Catalysts / News / Painting the picture
-Nov 16 2020: vaccine news sympathy
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Bull Flag
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Mountain
Confluence: Whole $, 1m-JL, VWAP
Strike Zone: 3.9 - 4.1
Sizing (lots + emergency): 1500
Risk (stop / Rs): Hold above 4.05
Review / Lessons Learned
Worthy trade to attempt as all A+ variables were present, simply didn't pan out so took -1R cut.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-16 13:40:25 | PPSI | sell | $3.940 | short |
| 2020-11-16 14:00:56 | PPSI | sell | $4.020 | short |
| 2020-11-16 14:01:09 | PPSI | sell | $4.010 | short |
| 2020-11-16 14:01:09 | PPSI | sell | $4.010 | short |
| 2020-11-16 14:10:26 | PPSI | sell | $4.160 | short |
| 2020-11-16 14:10:26 | PPSI | sell | $4.160 | short |
| 2020-11-16 14:10:26 | PPSI | sell | $4.150 | short |
| 2020-11-16 14:10:26 | PPSI | sell | $4.150 | short |
| 2020-11-16 14:13:25 | PPSI | buy | $4.100 | short |
| 2020-11-16 14:13:25 | PPSI | buy | $4.100 | short |
| 2020-11-16 14:13:25 | PPSI | buy | $4.110 | short |
| 2020-11-16 14:15:02 | PPSI | buy | $4.100 | short |
| 2020-11-16 14:15:02 | PPSI | buy | $4.100 | 0 |
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