Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Aug 25 2020: Break-out on daily chart
-Dec 09 2020: NY allows makes sports betting legal
Technical Analysis
-SPY pattern: Fade
-Intraday pattern: Mountain
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 long of 51 level
Confluence: Whole $, Prior Close, 3m-JL
Strike Zone: 51 - 50.5
Sizing (lots + emergency): 500
Risk (stop / Rs): Hold below 50.5
Review / Lessons Learned
Biggest loss I took lately, wasn't watching SPY and was trying to long a market stock while SPY was dumping heavily. Stopped out of 1/2 near the lows because tape seemed very weak, waited to cut other 1/2 at my stop area on the bounce. -3R total
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-09 12:37:57 | DKNG | buy | $50.930 | long |
| 2020-12-09 12:37:57 | DKNG | buy | $50.938 | long |
| 2020-12-09 12:40:20 | DKNG | buy | $50.730 | long |
| 2020-12-09 12:40:20 | DKNG | buy | $50.730 | long |
| 2020-12-09 12:40:20 | DKNG | buy | $50.730 | long |
| 2020-12-09 12:41:01 | DKNG | buy | $50.750 | long |
| 2020-12-09 12:41:01 | DKNG | buy | $50.750 | long |
| 2020-12-09 12:51:19 | DKNG | sell | $50.052 | long |
| 2020-12-09 12:51:19 | DKNG | sell | $50.060 | long |
| 2020-12-09 12:56:41 | DKNG | sell | $50.460 | long |
| 2020-12-09 12:56:41 | DKNG | sell | $50.464 | long |
| 2020-12-09 12:56:41 | DKNG | sell | $50.460 | 0 |
Comments
beno
3m-JL = 3 minute J-Line
The "J-Line" term was made popular by J-Trader but its essentially the 89 EMA on a 3-minute chart.
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Hello,
Confluence: Whole $, Prior Close, 3m-JL
What does the 3m-JL mean here?