NVAX Trade on Jan 21, 2020 14:59 from MyTickers: Tradervue User Stock Trades.

NVAX

Technicals & Fundamentals:
Mrk Cap 184M Float 31M Vol 54M IO 27% Short Float 22% Short Ratio 3.9
News x3
Supports: 9.10, 9, 8.80
Restistances: 9.45, 9.91, 10
Targets: 9.50, 9.80, 10, eod

Trade Details:
I entered this trade once i saw the 9 Price level holding approaching PH on a bull flag. PM had resistance at 10 so my target was to hold to eod and sell along the way while raising my stop. My initial ideal entry was 8.92 on the pullback after the break of 9. I didn't get filled so I waited and didn't get filled again when it pulled back to 8.97. I watched it hold between the 9.05 - 9.15 area so I decided to risk 9 and enter at 9.28 and 9.21 with a plan to hold eod unless I had a reason to cut it. I wanted the stock to have more of a faster push up but it slowly grind ed up the last hour. I took profits along the way and ended the trade before the close. I didn't want to hold this overnight because of the S3 SEC filing that was in effect.

My Mood Today and How I Dealt With It:
I was somewhat calm,I was feeling focused and ready to make a trade.
- I kept calm so I could listen to myself and focus on my trade
- I ate some lunch and started scanning the market see to what was in play for the afternoon.
- I really wanted to focus not being overly excited to trade and follow the 3 rules I set for myself this week

Comments:
I was a bit nervous of this play because i saw they have a S3 on file that's in effect and it could start selling, but I also thought shorts were getting nervous of a potential squeeze above PM highs and it could still run eod. My plan was not to hold this overnight.

What I Did Well:
- I identified a eod play that had potential to run above PM highs
- Quickly identified it had PR in the am and that the company had S3 filings in effect.
- Didn't give into the urge to get out right away and make money AH, I waited for my target and stuck to my plan and added as it held my risk
- Took profits; didn't hold and hope overnight
- I had patience on this trade.
- I didn't break any of my rules

What I Didn't do Well:
- I didn't wait for my ideal entry and didn't have the best execution
- I didn't meditate in the morning to make myself feel balanced and better focused.

How I Will Improve:
- I am going to make a timer to make sure I meditate early in the morning tomorrow
- I am going to continue to follow my 3 rules this week and focus on just making a good trade everyday.

Biggest weakness(es)/fault(s) on this trade?:
- I chased my first entry and did't enter on the pull back for better r/r.

How I will improve upon these:
- I am going to add to my list of mistakes what i need to work on to not buy into any strength, this will help me create better habits.

How I'm Going to do More of What Worked:
- I am going to continue to not break my rules and just focus on making a good trade without getting emotional about it.

Biggest Lesson(s) Learned:
- Stick to my plan and raise my stop along the way.

What Else I Saw/Almost Traded Real-Time:
- I was also watching NNCV halt a bunch of times, I left it alone and just watched it halt.

I have a slight edge, therefore I will place little importance on the outcome of the next trade(s). The market is composed of a high degree of randomness and uncertainty. I am not in a battle with the market, the market is not against me - I am merely in a battle against myself whilst trying to navigate the markets.