N/a
-May 14 2020: Earnings - Net rev up 15% Q/Y - Weed sector strong compared to SPY
-May 21 2020: NY Post - Scientists believe cannabis could help prevent and treat coronavirus
-Sep 22 2020: Reporting earnings tonight
-Nov 06 2020: Sympathy from Joe Biden as potential president
-Nov 27 2020: Federal Marijuana Legalization Bill Will Get A Congressional Vote Next Week
-Dec 04 2020: House voted to pass marijuana legalization bill
-SPY pattern: Bull Flag
-Intraday pattern: Rug Pull
-Other notes: N/a
Strategy: Distribution
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 500
Risk (stop / Rs): 10.96 (4c risk)
True returned R was 2R but I only took with 1/2 size since it was B grade play so adjusted its 1R, still a very nice read on tape and execution entry!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-12-04 14:12:39 | ACB | sell | $10.920 | short |
2020-12-04 14:14:30 | ACB | buy | $10.860 | short |
2020-12-04 14:14:30 | ACB | buy | $10.860 | short |
2020-12-04 14:15:48 | ACB | buy | $10.790 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!