Swing trade notes:
This was the strongest premarket stock so I kept my eyes on it as it based off support at 3.20. I did recognize that the support was there but seeing that it was mid day when I was thinking of buying I held off.
Once volume came in during power hour the thing exploded through VWAP and I took my position when the trade line crossed VWAP and used $3.60 as my risk level.
My first take profit target was in front of the morning high and then peeled some off into the the strong moves.
After hours I added some back on the dip and hold and $4.50.
Then sold those shares into the $6 push with the remaining amount over night
Day 2 Premarket
I woke up super early to see how the price was going to react and so glad I did because there was heavy resistance up at $6.50 and then an offering PR was release which caused a panic sell off.
I only saw the PR on this offering after it peeled the first set of shares of when the price action broke trend and I sold the last amount for small gain.
Overall I'm pleased with the entire trade from my risk management to order executions.
This was one of my best trades to date start to finish grabbing all the move.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-12-30 15:34:31 | SVRA | buy | $3.880 | long |
2019-12-30 15:47:31 | SVRA | sell | $4.720 | long |
2019-12-30 15:54:09 | SVRA | sell | $5.020 | long |
2019-12-30 15:54:48 | SVRA | sell | $5.090 | long |
2019-12-30 16:21:25 | SVRA | buy | $4.680 | long |
2019-12-30 17:18:33 | SVRA | sell | $5.950 | long |
2019-12-31 07:24:03 | SVRA | sell | $5.900 | long |
2019-12-31 08:04:20 | SVRA | sell | $4.490 | 0 |
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