JSPR Trade on Jan 3, 2023 09:29 from BanalityOfEvil: Tradervue User Stock Trades.

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BanalityOfEvil

 

1

PLAY
JSPR – Gap n' Go

CATALYST
08:00:00AM
JSPR
JASPER THERAPEUTICS ANNOUNCES POSITIVE CLINICAL DATA FROM A PHASE I/II TRIAL OF BRIQUILIMAB AS A CONDITIONING TREATMENT IN SICKLE CELL DISEASE AND BETA THALASSEMIA

TRADE IDEA
Price could touch 1.73, and even 2.35 on the opening drive

SETUP QUALITY AND VARIABLES
“A”
• “A” catalyst
• Clean daily chart
• Strong premarket action
• Extreme volume 13M shares in premarket
• Low Float 20M
• Leading Gapper

PLAN
• Late to the party, so use ¼ size
• Monitor price action into the open and bid into 1st pullback
• Sell 80% at 1st target 1.73, expecting this to hit quickly, with a possible move up to 2.35 or higher, selling final 20% here
• Stop is 1.45

REASONS TO SELL
• Stopped out
• Price is too thick, HFT is dominant
• Volume dries up, tape slows
• Targets hit

EXECUTIONS AND PRICE ACTION
@9:28 bid for position on micro pullback on 1 min chart
@open price went limit up just under 1st target (1.73) showing a sell imbalance on reopen at 1.90
@aftter 10 min halt, I had limit order set to execute a 1.90 for full position since I was already at target and did not like to see a sell imbalance in the box
@ 9:40 halt resumption, I place my order, price moves higher halting up again and I got filled on my full size above my limit price. Not looking to get back into this on resumuption
@9:50 trading resumes, hitting my secondary target, and halting again. No entries. Already made my money on this one for the day. Will not chase.

KEY TAKEAWAYS
• This would have been so nice to catch a piece of in premarket but I was sick and sat down late
• A+ setup. You did the right thing by sizing down due to your personal temperature, but if you are firing on all cylinders and at the desk on time, then you need to get BIG in this trade, earlier
• Followed Plan

image


Execution detail:

Date/time Symbol Side Price Position
2023-01-03 09:29:34 JSPR buy $1.540 long
2023-01-03 09:40:26 JSPR sell $1.972 0


Comments

Gravatar BNGiddings
2023-01-03 10:20:04
 

Nice trade I bought and sold the same place

2023-01-03 13:42:49
 

nice

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