Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Early April: ppl been using their drug remdesivir to treat COVID-19
-April 23 2020: Leaked Chinese data claiming remdesivir drug flop / company denies and says its due to lack of participation in the trial
-April 29 2020: Reports early positive data in remdesivir studies as COVID-19 drug, China trial said opposite
Technical Analysis
-Intraday pattern: Consolidation
-Levels: 80, 82.5, 84.5
-Very grindy and lots of accumulation today
Original Plan / Strategy
First test long of 82.5 with VWAP and half dollar confluence
Review
A+ trade that I only took with one lot....disappointed in myself on this one...
Same lesson learned as my other GILD trade today, GET TO THE APPROPRIATE SIZE IN YOUR SETUPS ASAP!!!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-04-29 11:57:11 | GILD | buy | $82.740 | long |
| 2020-04-29 11:58:35 | GILD | sell | $82.910 | 0 |
Comments
beno
Hey thanks for reaching out! Yes I'm only scalping on these moves, but I royally fucked up this trade, I only got to 1/4 size and even for a scalp I piked it. I'm trying to work on sizing and confidence. Hope things are going well in your trading :)
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are you only scalping these moves