Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
- Proteostasis Therapeutics to Initiate First Ever Personalized Medicine-Based Clinical Trial, CHOICES, in European CF Patients with Genotypes Ineligible for Approved CFTR Modulators
Technical Analysis
-Up moves on daily always sold after a few days
-Current up swing has been going on for 3 weeks on increasing volume
-Stock breaking down pre-market, previous support was 4.50
-Stock had huge up leg breaking back above 4.50 level and going to 4.70
Original Plan / Strategy
First Test long of 4.50 level
Review
Level was 4.58 but 4.50 was magnet on volume histogram, all three fantasy orders filled and I had my fantasy sells already in place but it bounced right below my first fantasy order; didn't trade higher so I cut it when I noticed weakness
Lessons Learned: TAKE PROFITS QUICKER ON STOCKS THAT BOUNCE WHEN THEY'RE ALREADY OVEREXTENDED TO THE UPSIDE (OR TO THE DOWNSIDE ON SHORT PLAYS)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-12-11 10:53:20 | PTI | buy | $4.540 | long |
| 2019-12-11 10:53:49 | PTI | buy | $4.510 | long |
| 2019-12-11 10:53:50 | PTI | buy | $4.490 | long |
| 2019-12-11 10:57:04 | PTI | sell | $4.460 | 0 |
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