Shared by
JustAPenguin
Trading Setup
-large float pharmaceutical company
-catalyst: secondary share offering at $10 result in price increase from 5.50 to 13.40, premarket open at 9.6, raise to 12.4 then drifting downward
-initial target price of 10.3 (61% Fibonacci from lowest of 20/4)
-However, failed to realized new catalyst on White House vaccine aid to India, hence failed to identify potential increment
-traded premarket and morning gap reversal but got stopped few times
-large loss at 9.44-10.28 trade due to not putting stop loss
-will use Bollinger band and squeeze index to time reversal next time
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-04-26 06:40:57 | OCGN | sell | $11.470 | short |
| 2021-04-26 06:55:44 | OCGN | buy | $11.310 | 0 |
| 2021-04-26 07:03:15 | OCGN | sell | $11.520 | short |
| 2021-04-26 08:01:26 | OCGN | buy | $11.060 | 0 |
| 2021-04-26 09:32:50 | OCGN | sell | $11.330 | short |
| 2021-04-26 09:37:42 | OCGN | buy | $11.510 | 0 |
| 2021-04-26 09:44:40 | OCGN | sell | $11.240 | short |
| 2021-04-26 10:28:12 | OCGN | buy | $12.000 | 0 |
| 2021-04-26 10:44:37 | OCGN | sell | $12.180 | short |
| 2021-04-26 11:01:38 | OCGN | buy | $11.800 | 0 |
| 2021-04-26 11:20:24 | OCGN | sell | $12.100 | short |
| 2021-04-26 11:37:15 | OCGN | buy | $12.190 | 0 |
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