-Had $6.7m cash EoY 2019
-Burn roughly 300k cash per month
-$5m left of cash ish
-Earnings: Already up 24% Y/Y and year isn't done yes
-May 05 2020: expects to become profitable by EoY
-May 19 2020: Patent grant news
-SPY pattern: Consolidation
-Intraday pattern: Fade
-Levels: 2.2, 2.4, 2.5, 2.6, 3.2
Strategy: FT-15 long of
Confluence: Gap Fill, Prior Close
Strike Zone: 2.22 - 2.1
Sizing (lots): 4
Risk (stop / Rs): Hold below 2.1
Grind down to level was very slow, price just to say went above my strike zone so I only took it with 1 lot, didn't want to get stuck with bad prices. obviously in hindsight I should have gone full size.
Should make a new rule that I should get to half size before strike zone, then if PA enters SZ then add left overs.
Execution detail:
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