ADAP Trade on May 29, 2020 10:57 from beno: Tradervue User Stock Trades.

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beno

Fundamentals

N/a

Catalysts / News / Painting the picture

-May 29 2020: SPEAR T-cellsDemonstrate New Responses in Esophagogastric Junction (EGJ), Lung, and Head and Neck Cancers Late Stage Development Initiated in EGJ Cancer

Technical Analysis

-SPY pattern: Afternoon Runner
-Intraday pattern: Runner, Big Pullback
-Levels: 8, 9, 10, 11, 12.75

Strategy / Confluence / Sizing Guide / Risk

Strategy: First test long of 9.1 by 9
Confluence: Whole $, VWAP
Strike Zone: 9.1 - 9
Sizing (lots): 4
Risk (stop / Rs): Hold below 9

Review / Lessons Learned

Took a really early starter IMO but it simply didn't come down to 9, so I only had my starter, took profits on starter and moved on.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-05-29 10:57:12	ADAP	buy	$9.320	long
2020-05-29 10:58:20	ADAP	sell	$9.620	long
2020-05-29 11:01:57	ADAP	sell	$9.640	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ADAP&trade=15110316&end=20200529113057&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ADAP&trade=15110316&end=20200529123157&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=ADAP&trade=15110316&end=20200529160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=ADAP&trade=15110316&end=20200628&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

faisalahmed

2020-05-31 09:45:58

this was a long shorts were getting squeezed badly i was bleeding in this but i controlled my emotions

beno

2020-05-31 11:41:34

Yeah, this stock had very complex pullbacks that always gave hope to shorts. It was also ETB so lots of amateurs getting caught short in it. The most obvious sign of the bigger picture long was when it broke and held above VWAP at 10:30am on high volume (well known reversal time).