FRSX Trade on Jun 5, 2020 10:14 from _cup0fjoe: Tradervue User Stock Trades.

Gravatar

Shared by
_cup0fjoe

 

Woke up at 10am for the mkt and tried to jump in on action. Of course I did my DD as quick as possible and my favorite chart looking setup looked like FRSX. I knew the float was bit higher, but the slow steady vol in the morning along with a nice double bottom told me there was a chance for longs to profit. Stock had news as well as the latest 424b5 (secondary offering) was in May 20 2020, which meant that the dilution was likely over because this stock traded consistent volume the past 2-3 weeks of trading.

Another thing to note is that this was an ADR. The catalyst looked very "good" to bring hype, especially rn that markets are rallying up and it is a Friday. I was never down on the trade, which isn't common, but I took AlohaTrader's advice of mentally taking the loss already. By doing so. you are able to eliminate emotion which helped me stay patient of the rising price and selling once it broke over VWAP.


Execution detail:

Date/time Symbol Side Price Position
2020-06-05 10:14:52 FRSX buy $1.650 long
2020-06-05 10:18:00 FRSX sell $1.890 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!

View plans, Sign up for free, or Log in