Shared by
beno
Fundamentals
-Float = 49M
Catalysts / News / Painting the picture
-Jul 27 2020: Bitcoin price going up / sector sympathy
-Nov 24 2020: Bitcoin price going up / sector sympathy
-Dec 04 2020: New S-3 for $200M
Technical Analysis
-SPY pattern: Fade
-Intraday pattern: Consolidation
-Other notes: BTC price -> Consolidation
Strategy / Confluence / Sizing Guide / Risk
Strategy: B grade First Test long of 9.4
Confluence: 1m-JL, 3m-JL, VWAP, Half $
Strike Zone: 9.5 - 9.35
Sizing (lots + emergency): 500
Risk (stop / Rs): Hold below VWAP
Review / Lessons Learned
B grade setup so not worth the size, never hit target .6's held it down all day (BCT was in consolidation mode), Still managed to pull 1R though.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-14 09:30:03 | RIOT | buy | $9.270 | long |
| 2020-12-14 09:31:43 | RIOT | sell | $9.322 | 0 |
| 2020-12-14 10:20:17 | RIOT | buy | $9.485 | long |
| 2020-12-14 10:23:27 | RIOT | sell | $9.620 | long |
| 2020-12-14 10:23:27 | RIOT | sell | $9.620 | 0 |
| 2020-12-14 10:24:57 | RIOT | buy | $9.515 | long |
| 2020-12-14 10:24:57 | RIOT | buy | $9.520 | long |
| 2020-12-14 10:29:32 | RIOT | sell | $9.540 | 0 |
| 2020-12-14 10:56:41 | RIOT | buy | $9.457 | long |
| 2020-12-14 10:56:41 | RIOT | buy | $9.460 | long |
| 2020-12-14 10:56:41 | RIOT | buy | $9.460 | long |
| 2020-12-14 10:56:41 | RIOT | buy | $9.460 | long |
| 2020-12-14 10:58:39 | RIOT | sell | $9.470 | long |
| 2020-12-14 10:58:39 | RIOT | sell | $9.470 | 0 |
| 2020-12-14 13:04:28 | RIOT | buy | $9.418 | long |
| 2020-12-14 13:05:37 | RIOT | sell | $9.440 | 0 |
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