Strategy: “B” set up – GAP and FADE – June 3rd, 2021
Ticker: BCTX – BriaCell Therapeutics Corp
Float: 6.7 million
Volume: 6 million – 11:09am
Catalyst: Halted Pending News 9:31am, then halt going up after resumption
Market Con: Flat – SPY and QQQ flat
Pre- Market: trading flat around $6.50’s
Open: predicting sell off after Halt resumption
Side: SHORT
Prop Entry: ??? x 1000 (1/2 Size)
Actual Entry: $7.45x1000@10:59:43, added $7.49x700@10:59:48
Stop: $8.00 – Mental stop
Profit Target: $7.00
Issue: None, took profits according to plan.
Outcome: GAP and FADE trade went according to plan. After the halt resumption, entered position $7.45x1000. added $7.49x700 after having difficulty continuing up and started to show weakness, failing to break previous candles high. Started to take profit as it hit my $7 target, kept selling into weakness. scaled out as panic selling continued. Total gross profit of $1,173.00.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-06-03 10:59:43 | BCTX | sell | $7.450 | short |
2021-06-03 10:59:49 | BCTX | sell | $7.490 | short |
2021-06-03 11:01:13 | BCTX | buy | $6.940 | short |
2021-06-03 11:01:33 | BCTX | buy | $6.780 | short |
2021-06-03 11:01:42 | BCTX | buy | $6.780 | short |
2021-06-03 11:08:40 | BCTX | buy | $6.380 | short |
2021-06-03 11:09:15 | BCTX | buy | $6.320 | 0 |
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