GENE Trade on Jul 15, 2020 15:08 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

N/a

Catalysts / News / Painting the picture

-Jul 15 2020: Provides Update on COVID-19 Disease Severity Test

Technical Analysis

-SPY pattern: Consolidation
-Intraday pattern: Runner, Big Pullback
-Other notes: Price action was very grindy, but still volatile enough for good scalps. When backside hit, it hit hard and barely bounced...

Strategy / Confluence / Sizing Guide / Risk

Strategy: First test long of 7 zone
Confluence: Whole $
Strike Zone: 7.3 - 6.5
Sizing (lots + emergency):3+2
Risk (stop / Rs): Hold below 6.5

Review / Lessons Learned

I took an early starter because I thought we were going to get that very quick volatile dump but it never came, kept grinding down. Was able to scalp the move twice, was willing to add till 6.5 on my second try.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-07-15 15:08:26	GENE	buy	$7.350	long
2020-07-15 15:08:43	GENE	sell	$7.470	long
2020-07-15 15:08:47	GENE	sell	$7.500	0
2020-07-15 15:13:42	GENE	buy	$7.110	long
2020-07-15 15:19:13	GENE	sell	$7.105	long
2020-07-15 15:19:13	GENE	sell	$7.105	long
2020-07-15 15:19:13	GENE	sell	$7.105	long
2020-07-15 15:19:27	GENE	sell	$7.240	long
2020-07-15 15:19:28	GENE	sell	$7.240	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=GENE&trade=17506249&end=20200715154528&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=GENE&trade=17506249&end=20200715160000&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=GENE&trade=17506249&end=20200715160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=GENE&trade=17506249&end=20200814&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}