CDIO Trade on Feb 28, 2023 08:24 from BanalityOfEvil: Tradervue User Stock Trades.

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Shared by
BanalityOfEvil

 

Play
Premarket Scalp

Catalyst
08:00:00AM
CDIO
CARDIO DIAGNOSTICS HOLDINGS INC LAUNCHES REVOLUTIONARY BLOOD TEST FOR EARLY DETECTION OF CORONARY HEART DISEASE

Trade Idea
price could touch 3.30 or higher in premarket

Setup Quality
A

  • relevant fresh news (AI issues trending)
  • Low Float
  • leading gapper
  • expanding volume, elevated RVOL
  • VWAP respect
  • Clear daily targets
  • Not too thick

PLAN
Get long at test of VWAP, hold at least 20% to target

Reasons to Sell
any sign of weakness
VWAP broken (stopped out)
large seller will not lift

Executions and Price Action
followed plan, took profit a little early; tape getting weak, no need to give back anything this late in the trade

some topping wicks on this before entry lowered my confidence to hold majority of size to target. Took profit 3x on the way up.

Key Takeaways
try to hold majority of shares at least until HOD has been reclaimed. Right analysis and entry but a little skittish on profit taking.

followed plan to hold at least 20% to near target

overall a good trade

image


Execution detail:

Date/time Symbol Side Price Position
2023-02-28 08:24:40 CDIO buy $2.510 long
2023-02-28 08:24:42 CDIO buy $2.530 long
2023-02-28 08:25:13 CDIO buy $2.550 long
2023-02-28 08:25:19 CDIO buy $2.550 long
2023-02-28 08:26:55 CDIO buy $2.550 long
2023-02-28 08:27:11 CDIO buy $2.550 long
2023-02-28 08:27:17 CDIO buy $2.560 long
2023-02-28 08:27:43 CDIO sell $2.640 long
2023-02-28 08:31:58 CDIO sell $2.830 long
2023-02-28 08:38:12 CDIO sell $3.100 0


Comments

Gravatar Jackhunter
2023-03-01 03:34:13
 

Nice!

Gravatar mstorch8521
2023-03-02 12:19:58
 

Very nicely done! CDIO has beaten up a lot of people, so don't feel bad about taking profit a little earlier than you originally planned. Green is good. Keep up the good work!

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