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Breaking News Scalp
Catalyst
08:15:00AM
SIDU
SIDUS SPACE ANNOUNCES MULTI-MILLION-DOLLAR AGREEMENT WITH NETHERLANDS FOR LASER COMMUNICATION SATELLITE
Trade Idea
price could touch .85 and/or .94 or higher in premarket
Setup Quality
B
Plan
Get long offering up and bidding for price at 1st pullback for new highs, sell 90% at first target .87, monitor action and if trading higher, then add a momentum lot for HOD break looking to take 90% profit at secondary target .95. Hold a few hundred shares if price holds over .95 as a runner. Cut full position if price looks weak.
Stop is any weakness on the tape and/or a break-even
Reasons to Sell
stopped out
targets hit
tape slows
Executions and Price Action
Executed as planned, price did not follow through 2nd target at .95, sold full position when price could not break
Key Takeaways
good management on the keyboard. had offers ready to go at/above targets.
could have offered higher percentage at 1st target .87 , and then added larger than I did for move to 2nd target.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-02-15 08:15:57 | SIDU | buy | $0.7159 | long |
2023-02-15 08:16:01 | SIDU | buy | $0.7000 | long |
2023-02-15 08:16:02 | SIDU | buy | $0.7000 | long |
2023-02-15 08:16:41 | SIDU | sell | $0.7950 | long |
2023-02-15 08:18:06 | SIDU | sell | $0.8446 | long |
2023-02-15 08:20:06 | SIDU | buy | $0.8406 | long |
2023-02-15 08:20:06 | SIDU | buy | $0.8411 | long |
2023-02-15 08:24:08 | SIDU | sell | $0.8572 | long |
2023-02-15 08:25:02 | SIDU | sell | $0.8877 | long |
2023-02-15 08:25:02 | SIDU | sell | $0.8877 | 0 |
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Very detailed explanation, thanks for the lesson.