SOLO Trade on Jan 12, 2021 12:10 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

Float = 63M

Catalysts / News / Painting the picture

-Jun 08 2020: Begins Proposed Site Visits in Second Phase of BDO-Led Search for SOLO EV U.S. Assembly Facility and Engineering Technical Center
-Jul 07 2020: EV sector sympathy
-Nov 12 2020: EV sector sympathy
-Jan 12 2020: Jon Najarian mention on CNBC

Technical Analysis

-SPY pattern: Bowl
-Intraday pattern: Runner
-Other notes: N/a

Strategy / Confluence / Sizing Guide / Risk

Strategy: A grade FT-15 long of 7.5
Confluence: Half $, PM Level
Strike Zone: 7.65 - 7.5
Sizing (lots + emergency): 1000
Risk (stop / Rs): Hold below 7.5

Review / Lessons Learned

DID NOT GET BIG ENOUGH HERE, this was A+ setup at price was rotating on the macro, also missed opportunity to hold a 1/4 core and ride this for a swing. Still trade of the day but I need to do better next time and realize these good opportunities! It made a V shape recovery back into HOD range, doesn't get more bullish then that. The macro leg on this one was real and I missed all of it after HOD breach. Should have been an intraday swing. +2.5R here

Execution detail:

Date/time	Symbol	Side	Price	Position
2021-01-12 12:10:57	SOLO	buy	$7.640	long
2021-01-12 12:10:57	SOLO	buy	$7.640	long
2021-01-12 12:10:57	SOLO	buy	$7.640	long
2021-01-12 12:10:57	SOLO	buy	$7.640	long
2021-01-12 12:12:36	SOLO	buy	$7.570	long
2021-01-12 12:12:36	SOLO	buy	$7.570	long
2021-01-12 12:12:36	SOLO	buy	$7.570	long
2021-01-12 12:12:36	SOLO	buy	$7.570	long
2021-01-12 12:12:36	SOLO	buy	$7.570	long
2021-01-12 12:18:06	SOLO	sell	$7.730	long
2021-01-12 12:18:06	SOLO	sell	$7.730	long
2021-01-12 12:18:06	SOLO	sell	$7.730	long
2021-01-12 12:24:44	SOLO	sell	$7.840	long
2021-01-12 12:25:01	SOLO	sell	$7.900	long
2021-01-12 12:29:26	SOLO	sell	$7.970	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SOLO&trade=25964115&end=20210112125326&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SOLO&trade=25964115&end=20210112135326&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SOLO&trade=25964115&end=20210112160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SOLO&trade=25964115&end=20210211&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

yesitsdarkcoffee

2021-01-12 22:52:31

Nice as always!

beno

2021-01-13 07:39:40

Thanks but I really need to hold these A+ macro rotation ones for longer! I missed almost the entire macro leg...