ITCI Trade on Dec 23, 2019 09:30 from Marius: Tradervue User Stock Trades.

SPY back into ATH's + market strong opening on a lighter volume holiday week. Looking for stocks to trade only on higher relative volume this week.

ITCI had news in the pre-market that it had an FDA approval of their drug.

"Intra-Cellular Therapies, Inc. (NASDAQ:ITCI), a biopharmaceutical company focused on the development of therapeutics for central nervous system (CNS) disorders, today announced that CAPLYTA® (lumateperone) has been approved by the U.S. Food and Drug Administration (FDA) for the treatment of schizophrenia in adults. The Company expects to initiate the commercial launch of CAPLYTA in late Q1 2020."

This showed up on the top of my criteria list as far as metrics. Plan was to trade this as an opening drive play. RAD was second to my list as a 3rd day technical trade as I missed it on Friday. I leaned more on ITCI due to the metrics and timing of the news.

RVOL - 153.86
AVOL - 1.02M
Short Float - 21.03%
Shs Float - 51.35M
ATR - 0.76
Market Cap - 688.06M
Inst Own - 83.20%

Trade Management + Trade Review
I was trying out the TOS app on mobile along with the platform on at the desk. This could potentially be a back-up in rare cases or used in tandem as tools. I marked the levels in the pre-market and was going to trade keeping them in mind as the bell rang.

I was watching the tape at the open and looked to see if there was going to be sellers at the open taking profit. I didn't see that right away and placed my order on the app while having the platform also running at the desk. Shortly it broke through a premarket high but wasn't holding. As soon as I saw this I hit out. The tape was moving so fast that I didn't get a lead on the selling aside from the chart. (working on a way to record this as currently I'm experiencing lagging issues with my current set-up. May have to upgrade to a faster set-up to do this with all my other tools running)

Watched the stock after to learn anything new and saw a good entry after the initial selling then move back to HOD. Had a nice move and a different trade with separate parameters.

Grading my entry and exit here as a B-. As I was a little flustered trying this new mobile execution out. The trade was closed on the desk platform and still working on that. May also have to assign hot keys, research for another broker with improved tools and level 2 + time and sales. Although still adequate, I may just need more time on the platform as I only have been on it for about 2 months with a handful of trades. More importantly more time developing my trades with experience.

!! Note : Chart's now noted below are not mine and from a senior trader. Used here for educational purposes only. Personal notes to develop trading