Shared by
beno
Fundamentals
As of: Sep 30 2019
Shares Outstanding (latest from broker): 22.6
Cash: 2.095m
Current liabilities: 11.958m
Current ratio: 0.39
NWC (total current assets - total current liabilities): -7.286m
Accumulated deficit: 109m
Book value per share (Stock holder equity / Shares outstanding): -0.29
Monthly Burn rate (net cash used in operating activities / months): 885k
Estimated current cash: -1.89m
Baby Shelf Exemption price per share: 3.18
Catalysts / News / Painting the picture
FDA Phase 3 meeting for ALS
2018-06-08 $100m S-3, $20m used, $80 left
Can't find how they raised cash between Sep 30 2019 and today
They gonna drop an offering real soon!
Technical Analysis
-Mountain pattern today
-Most volume came in at 12:54pm
-Levels: 5.50, 6, 6.50
Original Plan / Strategy
First Test Long of 5.60 to 5.70 zone before breakout
Review
Came down hard into the zone, first fantasy got filled by sweep order (someone selling hard), took another lot after another sweep. Lots of selling on the tape and looked very weak, stance turned to defensive. Was able to take profits on the ask, it had a hard time bouncing.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-02-13 13:43:21 | BCLI | buy | $5.710 | long |
| 2020-02-13 13:43:41 | BCLI | buy | $5.640 | long |
| 2020-02-13 13:44:22 | BCLI | sell | $5.740 | 0 |
Comments
beno
Yeah tags are very personal, means something different for every trader. My tagging system includes lots of variables like: the strategy (First Test), whether I took it on the frontside/backside, any confluence items (whole/half dollar, VWAP, prior close, etc...), if its ETB or HTB, and if the trade is meant as a scalp or swing (its all been sclaps lately as I don't have a well defined intraday swing strategy yet).
AmotoXracer
Yeah well as long as when you filter your trades by tag, it produces the same pattern you trade over and over again, then you can measure that particular patterns profitability. Thats how im using it.
I've basically thrown out a trade i used to take a lot called "IntradayReversal". Its not measuring up, so i might as well stop taking it. So i did.
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Another pullback buy.
I think you are using the tagging system provided by TraderView differently than I am.
It seems like the majority of people here use the tags to describe what happened after the trade is over. Im using tags as a name for a template trade, that has the same pattern over and over again.
Maybe that is whats happening here, but this one looks very different from the other two i commented on.