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
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
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 |
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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Nice!