ARDS Trade on Jan 27, 2022 07:57 from BanalityOfEvil: Tradervue User Stock Trades.

ARDS – PREMARKET CORE BUILDER WITH OPENING DRIVE – (135)

6:24:23AM
ARDS
ARIDIS WINS FUNDING FROM GATES FOUNDATION TO TEST INHALATIONAL COVID-19 ANTIBODIES
Partner
5:47:43AM
ARDS
ARIDIS PHARMACEUTICALS ANNOUNCED FUNDING TO EVALUATE INHALED MONOCLONAL ANTIBODIES TO BLOCK INFLUENZA AND SARS-COV-2 TRANSMISSIONARIDIS PHARMACEUTICALS, INC.

LOW FLOAT 12M share SSR GAPPER WITH NEWS OF GATES FOUNDATION FUNDING and covid medicine

Looking to scalp a move back up to R1, then add for a bigger move up to 3

@7:58 ARDS had pulled back to premarket S1 @$2.18 support, attempted buying this level, scaling into T1 size of 500 shares price average 2:26
@8:08 S1 is broken, all out
@8:12 large green volume bar comes in 130k
@8:13 2nd attempt, got long above S2 @$2.11 after large bottoming volume wick straight into T1, if this will move, it should find support here, if this level fails, then do not trade again until opening price discovery. Price average is $2.17
@8:21 bid is soaking @ $2.20, next add is over $2.25 pivot @ S1
@8.26 added 500 to T2 size
@8:28 red volume expansion and difficulty to launch above S1 @ $2.25 sold ½
@8:33 holding above Price AVG, daily volume is @ 5.6M leading gapper and leading volume stock under $20
$2:15 PM low is max risk level, risking .07 on 500 shares, choosing to keep size small on T1 due to market uncertainty
@8:45 HAS ATTEMPTED TO BREAK AND HOLD S1 2.25 3X AND FAILED, 2.25 IS A SIGNIFICANT PREMARKET LEVEL TO ADD ABOVE IF CAN HOLD
@8:50 TESTING 2.15 S2, READY TO TAKE STOP IF BREAKS AND HOLDS
@9AM small bounce off s2 with light volume
(scanning for other small caps to trade, nothing has presented itself, no great news headlines or reactions coming into the open)
@9:14 volume dropping off and struggling to hold S2
@9:15 60k shares volume coming in, pushing ARDS back up to AVG price @ 2.22, no plan to add before the open due to weak market conditions. Wait for price discovery and possible shakeout candles on the 5 minute timeframe
@9:20 price action seems weak, offers are stacking over 100k shares in the box @2.16 and higher, may have to let this one go, bids are nowhere near as heavily stacked. Premarket average volume bar is under 50k on 1 min timeframe
@OPEN ARDS tests premarket low @2.10, and moves higher, algo presence is moderate
@9:32 sold ½ on engulfing candle below 2.10
@9:39 selling volume is decreasing, added 250 shares to T1 size, still looking for move to to 2.50
@9:40 added 250 more up to 750 to reclaim the opening price of 2.16, will sell 80% over 2.30, BRINGING PRICE AVERAGE DOWN TO $2.12
@9:42 algo presence is HEAVY
@9:55 ALGOS LET UP A BIT AND PRICE RECLAIMED s1 @ 2.25, STOCK HOLDING OVER VWAP. LIMIT ORDER TO SELL 80% PLACED AT 2.35, LU IS @ 2.66. VOLUME PROFILE IS OVERALL IN THE GREEN FOR THE DAY.
@9:56 stock flushes down to 2:10 on heavy selling pressure blowing through S2 @2:15 like it never existed, ALGOS PRINTING HEAVY ON THE TAPE. Will take stop if gets below opening support @2.05
@10:08 stop is executed – ALL OUT… ITS AS IF ALGOS KNOW EXACTLY WHERE MY RISK TOLERANCE ENDS LOL JESUS SO FRUSTRATING
@10:27 stock is now below $2 with HEAVY algo presence

Honestly feel like I traded this the best I could have, it was also the only stock in play
**
**IT APPEARS THAT BIG MONEY IS NOT PARTICIPATING UNTIL ABOUT 10AM THIS WEEK. IF TAKING MORE TRADES THIS WEEK, THEN WAIT UNTIL 10AM. ALL GAPPERS ARE FAILING AND THEN MOMENTUM IS APPEARING AND YOU HAVE NO MORE BP.

If algos appear in a cheap stock, then just sell it. You will lose 90+ percent of the time in these trades. Just accept it and move on.