Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Human trials for COVID-19 vaccine to start in April
-February 7, 2020: $100m offering
Technical Analysis
-All day runner, squeezing shorts
-Levels: 7.50, 8.40, 8.90, 9.40, 10
Original Plan / Strategy
First test long of 8.90 level with VWAP confluence
Review
My first try at this trade was a mistake because I FOMO'ed and entered too early for my liking. I noticed my mistake right away and simply sold it for a scratch (hindsight heroes will say I sold too early and missed the huge move up but my plan was to play from the 8.90 level and an 8.10 entry was to far away). My second try at the trade I had two fantasy orders and the stock wicked back 50 cents. I honestly thought it was an offering and I would get stuck in a downside halt. Must have been a big player exiting their position.
Lessons Learned: Only use fantasy orders deeper into the level / at a sub level!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-03-05 12:22:04 | INO | buy | $9.120 | long |
| 2020-03-05 12:22:21 | INO | sell | $9.173 | 0 |
| 2020-03-05 13:07:02 | INO | buy | $8.960 | long |
| 2020-03-05 13:07:02 | INO | buy | $8.860 | long |
| 2020-03-05 13:07:13 | INO | sell | $9.050 | long |
| 2020-03-05 13:08:03 | INO | sell | $9.040 | 0 |
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