BTAI Trade on Feb 18, 2020 14:40 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

N/a

Catalysts / News / Painting the picture

-Upcoming meetings with analysts/investors
-Initiation of Phase 2 for BXCL501

Technical Analysis

-Levels: 36, 39, 39.50, 43
-Consolidation all day then afternoon pop

Original Plan / Strategy

First Test Long of 39.50 by 39 technical level that was built up all day

Review

Really glad I had fantasy orders on this one, its very illiquid and spready so it requires some finesse. Getting filled on selling panic then profiting from the spread seems to work well on the stock.

Lessons Learned: DON'T FORGET TO USE FANTASY ORDERS, YOU NEVER KNOW WHAT CAN HAPPEN (USE COMBO OF FANTASY + MANUAL ORDERS)

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-02-18 14:40:18	BTAI	buy	$39.760	long
2020-02-18 14:40:18	BTAI	buy	$39.510	long
2020-02-18 14:40:57	BTAI	sell	$40.420	long
2020-02-18 14:42:00	BTAI	sell	$40.520	0

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#chart3 { background-image:url('/shared/charts/pricechart?symbol=BTAI&trade=12989902&end=20200218160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=BTAI&trade=12989902&end=20200319&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}