AGRX Trade on Feb 11, 2020 11:47 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

N/a

Catalysts / News / Painting the picture

-Finalizes $35M Term Loan Facility for Twirla patch contraceptive

Technical Analysis

-Strong morning with wedging against 4.35
-Breakout, flag, then another break
-High of 4.65 then faded all day
-Levels: 4.15, 4.35, 4.50, 4.65 (almost 15c increments)

Original Plan / Strategy

First Test Long of 4.50 with half dollar confluence

Review

I ignored all signs that the trade should have been a scratch:

Too much time, not enough bounce
Asks were always bigger than bids on level 2
Clear break of uptrend line

Lessons Learned: Need to stick to my rules for my setup even when tilted (easier said then done of course) but the loss could have been easily avoidable!

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-02-11 11:47:00	AGRX	buy	$4.520	long
2020-02-11 11:47:23	AGRX	buy	$4.510	long
2020-02-11 11:47:23	AGRX	buy	$4.500	long
2020-02-11 11:53:39	AGRX	buy	$4.490	long
2020-02-11 11:55:39	AGRX	buy	$4.460	long
2020-02-11 11:55:49	AGRX	sell	$4.400	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=AGRX&trade=12908369&end=20200211122249&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=AGRX&trade=12908369&end=20200211132249&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=AGRX&trade=12908369&end=20200211160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=AGRX&trade=12908369&end=20200312&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}