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: Consolidation
-Intraday pattern: Consolidation
-Other notes: Some hints that they're still using ATM today.
Strategy / Confluence / Sizing Guide / Risk
Strategy: B grade accumulation of BTC
Confluence: 3m-JL
Strike Zone: N/a
Sizing (lots + emergency): 500
Risk (stop / Rs): Hold below 16.3
Review / Lessons Learned
Saw BTC accumulation setup and break-out while RIOT was weak so took opportunity to long RIOT, only made 1R on half of shares, had to cut other half because RIOT was weak compared to BTC, most likely still using their ATM. +0.5R
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-28 12:33:47 | RIOT | buy | $16.280 | long |
| 2020-12-28 12:33:47 | RIOT | buy | $16.280 | long |
| 2020-12-28 12:36:15 | RIOT | sell | $16.502 | long |
| 2020-12-28 12:36:15 | RIOT | sell | $16.500 | long |
| 2020-12-28 12:37:04 | RIOT | sell | $16.522 | long |
| 2020-12-28 12:38:48 | RIOT | sell | $16.560 | long |
| 2020-12-28 12:39:36 | RIOT | sell | $16.602 | long |
| 2020-12-28 12:47:13 | RIOT | sell | $16.220 | 0 |
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