Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-March 13 $96m ATM @ $4.76
-Technical / bouncing with market
-May 11 2020: Earnings - -1.73 loss vs -0.44 expected
-May 21 2020: NY post article: Scientists believe cannabis could help prevent and treat coronavirus
-May 22 2020: Buyer announces 500k share long position with $15 PT
-Jan 20 2020: Biden is Inaugurated
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Consolidation
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: B grade First Test long
Confluence: 1m-JL, VWAP, Whole $
Strike Zone: 19.3 - 19
Sizing (lots + emergency): 1250
Risk (stop / Rs): Hold below 19
Review / Lessons Learned
Would have been a nice trade if I had more bullets to use at the 19 level. Didn't pre-calculate my max size on got big too fast, spent most of trade underwater so wasn't comfortable and sold for a -1R loss instead of a gain
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-01-20 12:27:51 | TLRY | buy | $19.417 | long |
| 2021-01-20 12:27:51 | TLRY | buy | $19.420 | long |
| 2021-01-20 12:27:51 | TLRY | buy | $19.417 | long |
| 2021-01-20 12:28:32 | TLRY | buy | $19.370 | long |
| 2021-01-20 12:28:32 | TLRY | buy | $19.370 | long |
| 2021-01-20 12:28:32 | TLRY | buy | $19.370 | long |
| 2021-01-20 12:28:37 | TLRY | buy | $19.280 | long |
| 2021-01-20 12:33:06 | TLRY | sell | $19.450 | long |
| 2021-01-20 12:33:06 | TLRY | sell | $19.450 | long |
| 2021-01-20 12:33:06 | TLRY | sell | $19.450 | long |
| 2021-01-20 12:34:10 | TLRY | buy | $19.320 | long |
| 2021-01-20 12:34:10 | TLRY | buy | $19.320 | long |
| 2021-01-20 12:34:10 | TLRY | buy | $19.320 | long |
| 2021-01-20 12:37:40 | TLRY | buy | $19.227 | long |
| 2021-01-20 12:37:40 | TLRY | buy | $19.230 | long |
| 2021-01-20 12:37:40 | TLRY | buy | $19.230 | long |
| 2021-01-20 12:43:49 | TLRY | sell | $19.200 | long |
| 2021-01-20 12:43:49 | TLRY | sell | $19.203 | long |
| 2021-01-20 12:43:49 | TLRY | sell | $19.203 | long |
| 2021-01-20 12:44:02 | TLRY | sell | $19.203 | long |
| 2021-01-20 12:44:02 | TLRY | sell | $19.203 | long |
| 2021-01-20 12:45:01 | TLRY | sell | $19.270 | long |
| 2021-01-20 12:45:01 | TLRY | sell | $19.270 | long |
| 2021-01-20 12:45:45 | TLRY | sell | $19.270 | long |
| 2021-01-20 12:45:45 | TLRY | sell | $19.270 | long |
| 2021-01-20 12:46:31 | TLRY | sell | $19.290 | long |
| 2021-01-20 12:46:31 | TLRY | sell | $19.290 | long |
| 2021-01-20 12:46:31 | TLRY | sell | $19.280 | 0 |
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