XPEV Trade on Dec 14, 2020 15:02 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

-Float=81M

Catalysts / News / Painting the picture

-Nov 05 2020: EV sector sympathy / new ATH's

Technical Analysis

-SPY pattern: Fade
-Intraday pattern: Bull Flag
-Other notes: N/a

Strategy / Confluence / Sizing Guide / Risk

Strategy: B grade FT-15 long of 46.5
Confluence: Half $, 3m-JL
Strike Zone: 46.5 - 46
Sizing (lots + emergency): 50 (didn't get ideal prices on first leg)
Risk (stop / Rs): Hold below 46

Review / Lessons Learned

This would have been an A grade setup had SPY been slightly stronger and the time a few hours earlier (EOD doesn't give much time for bounce). Wasn't convinced due to B grade variables, +0.25R on baby size for this one

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-12-14 15:02:01	XPEV	buy	$46.690	long
2020-12-14 15:05:40	XPEV	sell	$47.170	long
2020-12-14 15:05:41	XPEV	sell	$47.190	long
2020-12-14 15:06:11	XPEV	sell	$47.030	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=XPEV&trade=22970769&end=20201214153511&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=XPEV&trade=22970769&end=20201214160000&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=XPEV&trade=22970769&end=20201214160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=XPEV&trade=22970769&end=20210113&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Runner73

2020-12-15 03:17:20

Very good one, clear resistance became support, do you use tape reading?

beno

2020-12-15 08:19:15

I always read the tape when price approaches my entry, how else are you supposed to get good prices?