Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-COVID Antibody STI-1499 Showed Ability To Completely Inhibit In Vitro Virus Infection In Preclinical Studies
-Jul 26 2020: Sorrento To Buy SmartPharm For Potential Covid-19 Treatment
-Jul 29 2020: Licenses 30-Minute Spit Test for Covid-19
-Aug 04 2020: on news near EOD / talking about new COVID antibody test
Technical Analysis
-SPY pattern: Mountain
-Intraday pattern: Fade
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 13.9 level
Confluence: VWAP, PM Level
Strike Zone: 13.9 - 13.8
Sizing (lots + emergency): 1250
Risk (stop / Rs): 13.49
Review / Lessons Learned
Got half size before the bounce, sold half on instant bounce but then it rugged pulled again, could have added closer to my stop but just decided to cut last lot on way back up for a loss turning trade into a scratch
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-08-13 10:02:20 | SRNE | buy | $13.920 | long |
| 2020-08-13 10:02:20 | SRNE | buy | $13.920 | long |
| 2020-08-13 10:02:20 | SRNE | buy | $13.920 | long |
| 2020-08-13 10:02:21 | SRNE | buy | $13.960 | long |
| 2020-08-13 10:02:51 | SRNE | sell | $14.050 | long |
| 2020-08-13 10:02:51 | SRNE | sell | $14.050 | long |
| 2020-08-13 10:02:51 | SRNE | sell | $14.050 | long |
| 2020-08-13 10:03:53 | SRNE | sell | $13.780 | long |
| 2020-08-13 10:03:53 | SRNE | sell | $13.780 | 0 |
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