Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-May 19 2020: Collaboration partners will commence a Phase 1 clinical trial of a potential COVID-19 vaccine as soon as July 2020
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Bowl
-Levels: 5.9, 6.3, 6.8 - 7
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 6.4 level
Confluence: VWAP
Strike Zone: 6.46 - 6.33
Sizing (lots): 2
Risk (stop / Rs): Hold below 6.35
Review / Lessons Learned
Only took with one lot, should have taken it with two!
Lessons Learned: Always get to pre-defined size, especially if PA within strike zone!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-19 15:24:16 | DVAX | buy | $6.470 | long |
| 2020-05-19 15:24:16 | DVAX | buy | $6.470 | long |
| 2020-05-19 15:25:01 | DVAX | sell | $6.520 | long |
| 2020-05-19 15:25:43 | DVAX | sell | $6.600 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!