Shared by
beno
Fundamentals
-Float = 15M
Catalysts / News / Painting the picture
-Dec 11 2020: no news for move
Technical Analysis
-SPY pattern: Bowl
-Intraday pattern: Gap & Crap
-Other notes: Heavy rigging activity until 10:20 then they let it go
Strategy / Confluence / Sizing Guide / Risk
Strategy: B grade Distribution of 3.06 floor
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 1000
Risk (stop / Rs): 3.05 reclaim
Review / Lessons Learned
B grade distribution attempt, slammed lows as bids were being taken, they shelfed it a few cents below the floor, it was a short trap. Got out B/E after seeing them accumulate right below floor
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-11 15:18:29 | VTVT | sell | $3.060 | short |
| 2020-12-11 15:18:29 | VTVT | sell | $3.060 | short |
| 2020-12-11 15:18:29 | VTVT | sell | $3.050 | short |
| 2020-12-11 15:18:29 | VTVT | sell | $3.050 | short |
| 2020-12-11 15:18:29 | VTVT | sell | $3.050 | short |
| 2020-12-11 15:18:29 | VTVT | sell | $3.050 | short |
| 2020-12-11 15:18:29 | VTVT | sell | $3.050 | short |
| 2020-12-11 15:21:37 | VTVT | buy | $3.045 | short |
| 2020-12-11 15:21:37 | VTVT | buy | $3.050 | short |
| 2020-12-11 15:21:37 | VTVT | buy | $3.050 | 0 |
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