Shared by
beno
Fundamentals
-Float = 65M
Catalysts / News / Painting the picture
-Jan 07 2020: Moving with other blockchain stocks
Technical Analysis
-SPY pattern: Bull Flag
-Intraday pattern: Mountain
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: A grade accumulation long
Confluence: Whole $
Strike Zone: N/a
Sizing (lots + emergency): 500
Risk (stop / Rs): 4.9
Review / Lessons Learned
Still gaining experience in these accumulation plays but seems this was was of high grade due to XNET being in hot sector. Few more of these trades and I'll size up on the A grade ones. Piked the sells as it went higher, sold based on tape and double top. +2.5R
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-01-07 10:40:47 | XNET | buy | $5.000 | long |
| 2021-01-07 10:43:16 | XNET | sell | $5.195 | long |
| 2021-01-07 10:43:16 | XNET | sell | $5.190 | long |
| 2021-01-07 10:54:34 | XNET | sell | $5.290 | long |
| 2021-01-07 10:54:34 | XNET | sell | $5.290 | long |
| 2021-01-07 10:54:34 | XNET | sell | $5.290 | 0 |
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