Shared by
beno
Fundamentals
-Float = 27M
Catalysts / News / Painting the picture
-Jul 27 2020: Bitcoin price sympathy
-Nov 18 2020: Bitcoin price sympathy
-Nov 30 2020: New Bitcoin ATH today
-Dec 16 2020: Structurally significant ATH break-out of Bitcoin price
-Dec 23 2020: Effect on new $200M ATM
Technical Analysis
-SPY pattern: Afternoon Runner
-Intraday pattern: Fade
-Other notes: Heavy selling mid-day, remnants of ATM
Strategy / Confluence / Sizing Guide / Risk
Strategy: B grade distribution short of $10 floor
Confluence: Whole $
Strike Zone: N/a
Sizing (lots + emergency): 600
Risk (stop / Rs): 10.2
Review / Lessons Learned
Should have gotten back in when MARA when back to floor low and RIOT was weak. Missed nice trade, -1R on attempt.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-31 12:18:48 | MARA | sell | $10.060 | short |
| 2020-12-31 12:19:36 | MARA | sell | $10.130 | short |
| 2020-12-31 12:20:08 | MARA | sell | $10.070 | short |
| 2020-12-31 12:23:02 | MARA | buy | $10.160 | 0 |
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