SLS Trade on Dec 11, 2020 12:38 from beno: Tradervue User Stock Trades.

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: Bowl
-Intraday pattern: Fade
-Other notes: N/a

Strategy / Confluence / Sizing Guide / Risk

Strategy: Distribution
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 1000
Risk (stop / Rs): 11.2 / TL break

Review / Lessons Learned

This was an A+ distribution attempt to size into but it simply wasn't ready to break down yet, it needed 3 more hours of consolidation before sellers really took over. -1R

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-12-11 12:38:24	SLS	sell	$11.109	short
2020-12-11 12:44:31	SLS	sell	$11.007	short
2020-12-11 12:44:37	SLS	sell	$11.010	short
2020-12-11 12:53:35	SLS	sell	$10.925	short
2020-12-11 12:57:36	SLS	buy	$11.160	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SLS&trade=22778819&end=20201211132136&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SLS&trade=22778819&end=20201211142136&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SLS&trade=22778819&end=20201211160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SLS&trade=22778819&end=20210110&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}