YY Trade on Nov 18, 2020 14:50 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

-China company
-Float = 60M

Catalysts / News / Painting the picture

-Nov 18 2020: Muddy Waters released short report on company

Technical Analysis

-SPY pattern: Fade
-Intraday pattern: Rug Pull
-Other notes: N/a

Strategy / Confluence / Sizing Guide / Risk

Strategy: Wall Drop
Confluence: Whole $
Strike Zone: 74 - 70
Sizing (lots + emergency): 50
Risk (stop / Rs): Weakness below 70 (thought of in hindsight)

Review / Lessons Learned

Couldn't bring myself to long it again after second cut, at a quick glance it seemed like the 74 ish macro support would get broken and perhaps we would test the mid 60's, but I was wrong. For the next Wall Drop play I will need to have a proper macro support strike zone established before I start scaling in.

Lessons Learned: On Wall Drop plays, have a clearly defined macro strike zone to gauge bounce area. (pair with volume capitulation)

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-11-18 14:50:18	YY	buy	$76.880	long
2020-11-18 14:51:04	YY	sell	$75.300	0
2020-11-18 14:52:09	YY	buy	$73.280	long
2020-11-18 14:53:05	YY	sell	$72.000	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=YY&trade=21391661&end=20201118152205&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=YY&trade=21391661&end=20201118160000&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=YY&trade=21391661&end=20201118160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=YY&trade=21391661&end=20201218&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

ErdemTheMan

2020-11-18 19:39:43

It looks like $YY had a response to the MM report A/H.. its at $84 now @ 1639 hours PST.