Shared by
beno
Fundamentals
-Float = 8M
Catalysts / News / Painting the picture
-Dec 09 2020: GLSI sympathy (breast cancer data news 0% reoccurrence)
Technical Analysis
-SPY pattern: Fade
-Intraday pattern: Bull Flag
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Extension Capitulation
Confluence: N/a
Strike Zone: 6 - 6.3
Sizing (lots + emergency): 40
Risk (stop / Rs): Hold above 6.3
Review / Lessons Learned
Good trade and should have sized in more when I noticed the volume stuffing at these highs, my risk was pretty clear. Still +3R on this trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-09 14:55:38 | SLS | sell | $6.150 | short |
| 2020-12-09 14:57:47 | SLS | buy | $5.770 | short |
| 2020-12-09 14:59:33 | SLS | buy | $5.640 | short |
| 2020-12-09 14:59:51 | SLS | buy | $5.450 | 0 |
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