NOVN Trade on Mar 10, 2020 10:17 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

N/a

Catalysts / News / Painting the picture

-Mar 6 2020: Actinium Treats First Patient in AML Study on Actimab-A Combo
-Mar 3 2020: Closing of $5.95m ATM offering

Technical Analysis

-Gapped up and filled gapped by hitting low of 0.50
-Levels: 0.50, 0.63, 0.90 - 1

Original Plan / Strategy

FT-15 of yesterdays high at 0.63

Review

Scaled in well but it was simply taking too long for this trade to work as it was being held down so I scratched it. I ended up bouncing 15cents which could have netted me some nice profits, but hey, we can't predict the future. I'll have to start tracking whether my FT-15 setups are more profitable if I wait longer and stick to market structure stops or if time plays a big part in the success of the trade.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-03-10 10:17:35	NOVN	buy	$0.6375	long
2020-03-10 10:17:47	NOVN	buy	$0.6375	long
2020-03-10 10:18:36	NOVN	buy	$0.6300	long
2020-03-10 10:27:23	NOVN	sell	$0.6334	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=NOVN&trade=13276611&end=20200310105423&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=NOVN&trade=13276611&end=20200310115423&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=NOVN&trade=13276611&end=20200310160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=NOVN&trade=13276611&end=20200409&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}