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: Mountain
-Intraday pattern: Consolidation
-Other notes: EOD price action negatively affected by weak BTC and MARA's ATM
Strategy / Confluence / Sizing Guide / Risk
Strategy: A grade First Test long of 14.5
Confluence: Half $, 3m-JL
Strike Zone: 14.55 - 14.35
Sizing (lots + emergency): 1250 (full size)
Risk (stop / Rs): 14.3
Review / Lessons Learned
Added 3 times, then hit my max size limit at my final add spot, but ended up cutting for -2R because MARA and BTC were both weak, don't regret taking trade, this one is just part of the losing stats.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-23 13:44:40 | RIOT | buy | $14.525 | long |
| 2020-12-23 13:59:43 | RIOT | buy | $14.430 | long |
| 2020-12-23 13:59:43 | RIOT | buy | $14.438 | long |
| 2020-12-23 14:08:06 | RIOT | buy | $14.340 | long |
| 2020-12-23 14:10:52 | RIOT | sell | $14.280 | long |
| 2020-12-23 14:10:52 | RIOT | sell | $14.282 | long |
| 2020-12-23 14:10:52 | RIOT | sell | $14.280 | 0 |
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