-Float = 7M
-Oct 15 2020: No news / technical
-SPY pattern: Consolidation
-Intraday pattern: Consolidation
-Other notes: N/a
Strategy: Distribution
Confluence: N/a
Strike Zone: 2.15 - 2.1
Sizing (lots + emergency): 1000
Risk (stop / Rs): 2.15 reclaim
Good distribution, floor almost symmetrical, really good weakness coming into the break. Was expecting a flush of $2 but bids were simply too strong here so had to take the 2R.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-11-25 13:20:17 | MTC | sell | $2.120 | short |
2020-11-25 13:21:50 | MTC | buy | $2.040 | short |
2020-11-25 13:22:45 | MTC | buy | $2.030 | short |
2020-11-25 13:23:44 | MTC | buy | $2.017 | short |
2020-11-25 13:27:56 | MTC | buy | $2.040 | 0 |
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Nice trade. Sometimes these stocks fill the gap.