BCDA Trade on Dec 14, 2020 12:45 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

-Float = 6M

Catalysts / News / Painting the picture

-Dec 14 2020: Anticipates DSMB Feedback on Interim Data From Pivotal Phase 3 CardiAMP Heart Failure Trial
-Dec 14 2020 EoD: $8M offering @ $4.7

Technical Analysis

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

Strategy / Confluence / Sizing Guide / Risk

Strategy: B grade First Test long of 5.25
Confluence: N/a
Strike Zone: 5.25 - 5
Sizing (lots + emergency): 500
Risk (stop / Rs): Hold below 5

Review / Lessons Learned

This was B grade because it didn't spend enough time holding above 5.7, went up to 5.9 then came right back down, could have been a HOD clear-out stuff. Left 1 R on the table, sold before 50% target at 5.6

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-12-14 12:45:10	BCDA	buy	$5.260	long
2020-12-14 12:45:11	BCDA	buy	$5.260	long
2020-12-14 12:45:11	BCDA	buy	$5.260	long
2020-12-14 12:46:26	BCDA	sell	$5.290	long
2020-12-14 12:46:26	BCDA	sell	$5.290	long
2020-12-14 12:46:26	BCDA	sell	$5.290	long
2020-12-14 12:47:15	BCDA	sell	$5.410	long
2020-12-14 12:47:15	BCDA	sell	$5.413	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=BCDA&trade=22970774&end=20201214131615&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=BCDA&trade=22970774&end=20201214141715&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=BCDA&trade=22970774&end=20201214160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=BCDA&trade=22970774&end=20210113&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

SpecTraderJMC

2020-12-14 22:17:45

Did you go long at 1245 because it formed a bottoming doji indicating a reversal? Or a 5 minute set up off the 9 day moving average?

Runner73

2020-12-15 03:12:07

NIce one but you sold it too quickly I think, I see a clear hilding of $5.20, you should sell it around tops

SpecTraderJMC

2020-12-15 06:04:58

Yeah, too soon. Had a nice entry at 1118 around $4.85, but didn't let it squeeze over $5. There was a wall of sellers that didn't let it make a new high on the next trade. Flushed after I got out.

beno

2020-12-15 08:18:21

@SpecTrader, I went long because this is one my my Playbook setups that I have edge in. And yes, I sold early before my first target, my second target (HOD) was also reached.