GILD Trade on Aug 19, 2020 13:15 from beno: Tradervue User Stock Trades.

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beno

 

Fundamentals

N/a

Catalysts / News / Painting the picture

-Early April: ppl been using their drug remdesivir to treat COVID-19
-April 23 2020: Leaked Chinese data claiming remdesivir drug flop / company denies and says its due to lack of participation in the trial
-April 29 2020: Reports early positive data in remdesivir studies as COVID-19 drug, China trial said opposite
-Aug 18 2020: Rheumatoid Arthritis Drug Application Is A No-Go In Present Form / FDA declined approval

Technical Analysis

-SPY pattern: Fade
-Intraday pattern: Parabolic Fade
-Other notes: N/a

Strategy / Confluence / Sizing Guide / Risk

Strategy: Distribution
Confluence: N/a
Strike Zone: 66.1 - 66.2
Sizing (lots + emergency): 500
Risk (stop / Rs): 66.21

Review / Lessons Learned

Was risking 10 cents to make 20 cents so a 2R trade. Saw the bids dropping at first so I slammed another short entry at 66.06 but it reclaimed so I stopped out of half and re added it back at 66.18, stock then proceeded to break down. Target was 65.8 which was the right structural target to have (see chart below)

image


Execution detail:

Date/time Symbol Side Price Position
2020-08-19 13:15:47 GILD sell $66.110 short
2020-08-19 13:15:47 GILD sell $66.112 short
2020-08-19 13:23:02 GILD sell $66.070 short
2020-08-19 13:23:02 GILD sell $66.070 short
2020-08-19 13:23:02 GILD sell $66.070 short
2020-08-19 13:23:02 GILD sell $66.070 short
2020-08-19 13:23:02 GILD sell $66.070 short
2020-08-19 13:29:07 GILD buy $66.160 short
2020-08-19 13:29:07 GILD buy $66.160 short
2020-08-19 13:29:07 GILD buy $66.155 short
2020-08-19 13:41:43 GILD sell $66.180 short
2020-08-19 13:41:43 GILD sell $66.180 short
2020-08-19 13:41:43 GILD sell $66.180 short
2020-08-19 14:02:16 GILD buy $65.940 short
2020-08-19 14:02:16 GILD buy $65.940 short
2020-08-19 14:04:48 GILD buy $65.870 0


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