ASPN - Dec 24 100SMA StrongWeak Bounce

10 Dis 2024

ASPN
Premarket entry to capture price as it is within our Stdev range and we can be ahead of the crowd as we expect the greater force (RUT) to continue dropping

• Sector: Energy Insulation, EV
  
• Short Interest: 11.29%
  
• ADR 6.38%
  
• Does it respect the H1 100SMA (Min 3Months): Yes
  
• Stagnent Revenue, negative EPS
  
• Insider filings see the CEO selling around $30 the peak before the fall in Oct 24. Price has dropped 60% since then.
  
• Is it a Hype Thematic (AI, Solar): EV and Energy, there is a bearish sentiment on EV demand. If Trump does remove the EV subsidies for consumers, there should be a larger fall in demand.
  

• 100SMA StrongWeak Bounce 🏀 (0.5R) v1.0
• Trading risk at 0.5R as we are testing this strategy
  
• This trade model is based on us riding the 100SMA trend waves of the strongest and weakest companies. It only executes well when greater force (RUT & SPX) is trending. Entries are at greater force key levels when it is consolidating. When greater force is taking off it is too late.
  
• Entry
  
• Within Stdev 100 zone
  
• SL = ATR14 * 2 (Run full course no early exits)
  
• Trailing stop (Previous Day Low or high)
  
• Price launch off (D1)
  
• D2 Closes
  
• D3 Move SL to D2 Low
  

11 Dis 2024

Dagangan aktif

Scaling 0.3R from BLMN risk savings. Calculated the risk using the same SL as the parent ASPN trade

12 Dis 2024

Nota

13 Dec Entry scaling unused risk

17 Dis 2024

Nota

Scaling up 1.1R since price has made a new low

19 Dis 2024

Dagangan ditutup secara manual

Bad trade because of Exit.
I removed my trailing SL as I thought it was too close. If I had left it there this trade would have been a profit. Looking at the scale ups, it is clear that the larger scale ups should be upfront and decrease slowly and price will stall allowing us to close the trade before it moves back to the 100SMA.