Shared by
beno
Trade Variables
Float : 140M
News / Catalyst : ARKK fund investing in space industry
SPY Intraday pattern : Runner
Ticker Intraday pattern : Parabolic Fade
Strategy : A grade FT-15 long of
Confluence : 1m-JL
Strike Zone : 58.5 - 57
Sizing (lots + emergency) : 250 - 500
Risk (stop / Rs) : Hold below 58
Notes
The only variable that wasn't A grade here was the time it held above the 58.5 structure. Price basically spent no time proving that participants are willing to buy up there, it simply stuffed the long chasers and remained heavy all day. Was able to come out slightly alive because I shorted the backside then left it alone, -0.5R in total here
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-02-04 09:46:05 | SPCE | buy | $59.710 | long |
| 2021-02-04 09:46:54 | SPCE | sell | $59.720 | 0 |
| 2021-02-04 09:48:49 | SPCE | buy | $58.520 | long |
| 2021-02-04 09:49:55 | SPCE | sell | $57.850 | long |
| 2021-02-04 09:49:55 | SPCE | sell | $57.850 | 0 |
| 2021-02-04 10:41:32 | SPCE | sell | $56.310 | short |
| 2021-02-04 10:48:20 | SPCE | buy | $55.820 | 0 |
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