FPRX Trade on Nov 11, 2020 10:07 from beno: Tradervue User Stock Trades.

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beno

Fundamentals

-Float = 27M

Catalysts / News / Painting the picture

-Nov 10 2020: Announces Bemarituzumab Plus Chemotherapy Demonstrates Significant Progression-Free and Overall Survival Benefit Compared to Placebo
-Nov 11 2020: Multiple PT upgrades

Technical Analysis

-SPY pattern: Consolidation
-Intraday pattern: Bear Flag
-Other notes: N/a

Strategy / Confluence / Sizing Guide / Risk

Strategy: Gap & Crap
Confluence: 1m-JL
Strike Zone: 19.5 - 21
Sizing (lots + emergency): 100 (wanted to get bigger at higher prices)
Risk (stop / Rs): Hold above 21

Review / Lessons Learned

Wanted to get bigger at higher prices with a stop above 21. Started scaling out when I was 1 point ITM. Could have gotten 1 extra R had I held for longer. Cut my second try quickly when I found out news of PT upgrades. +1R

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-11-11 10:07:32	FPRX	sell	$19.190	short
2020-11-11 10:13:19	FPRX	sell	$19.440	short
2020-11-11 10:25:55	FPRX	buy	$18.420	short
2020-11-11 10:26:36	FPRX	buy	$17.980	short
2020-11-11 10:27:24	FPRX	buy	$17.700	short
2020-11-11 10:27:53	FPRX	buy	$17.580	short
2020-11-11 10:29:43	FPRX	buy	$17.740	0
2020-11-11 11:06:57	FPRX	sell	$19.550	short
2020-11-11 11:08:15	FPRX	buy	$19.200	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=FPRX&trade=21186912&end=20201111111815&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=FPRX&trade=21186912&end=20201111121715&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=FPRX&trade=21186912&end=20201111160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=FPRX&trade=21186912&end=20201211&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

SpecTraderJMC

2020-11-11 20:31:10

Outstanding shorts.

beno

2020-11-13 07:46:56

Thanks, could have been more patient with covers, as I was treating this as an ADF

SpecTraderJMC

2020-11-13 10:33:39

ADF?

beno

2020-11-13 12:00:17

all day fade

SpecTraderJMC

2020-11-13 18:45:55

Thanks. If you don't mind me asking, what broker do you use? I'd like to short some of these small caps that pop briefly in the morning and fade. Haven't made much of an effort to pursue shorting yet. From what I understand it can be difficult to find shares to short and the fees can be high to borrow shares.

FPRX Trade on Nov 11, 2020 10:07 from beno: Tradervue User Stock Trades.

Fundamentals

Catalysts / News / Painting the picture

Technical Analysis

Strategy / Confluence / Sizing Guide / Risk

Review / Lessons Learned

Comments

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