VTVT Trade on Feb 10, 2020 09:30 from Marius: Tradervue User Stock Trades.

RVOL - 391.32
AVOL - 315.37k
ATR - 0.21
Short Float - 34.09%
Shs Float - 3.84M
Inst Own - 1.50%
Market Cap - 120.39M

Market was opening lower but SPY still proximate to ATH's. Coronavirus situation seems to be stabilizing.

Market bought into pre-market resistance breaking 4.00 at the opening bell. This ended up being a failed breakout. There was some delay and slippage and got filled on the wick high. I instantly noticed I put on a position that was double the intended size. Still kept my position and used existing exit strategy. I was thinking of trimming my size which I should have done right away to minimize risk. This was a failed breakout. Volume was there in the first minute of the open which works more often then not. This is also a low float stock, however RVOL is notably higher. I was also using XBI and TICK/ADD which was showing strength at the open. Since the stock is moving with higher relative volume it can break correlation. In this case it was opposite and to the downside. Tape reading wise I was looking for buyers to step the bids up, which I thought it looked good into the open. Still need a lot of work here as well.

Need to work on managing risks tighter and actively adjusting position on the fly. I'd take this trade 900/1000 times but I need to manage risk better by executing at better prices + correct sizes.