Float = 16M
-Sep 23 2020: SPI sympathy
-SPY pattern: Rug Pull
-Intraday pattern: Mountain
-Other notes: N/a
Strategy: First test long of 3.25 level
Confluence: N/a
Strike Zone: 3.26 - 3.2
Sizing (lots + emergency): 1000
Risk (stop / Rs): Hold below 3.25
Small loss, should have waited longer for at least 1 1m candle to close high above the level. Instead I longed into a HOD stuff candle, never fun situation to get in. Luckily it bounced enough for me to cut it for a very small loss.
Lessons Learned: Only take the first test after a HOD clear-out if the candle closed at highs or the break was significant!
Execution detail:
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