Shared by
tombro
Flag, tho a little bit of a late entry but I waited for a little price confirmation to see if it could get going again before entering since it came down to $7 again after 10:35 pop to $7.22, and was extended on daily.
stop 6.99 first target 7.49
After sitting with this for an hour and a half, I was getting a little antsy and since the overall market seemed kinda crappy and it was getting near to the 7.22 high, and that it was seeing selling at 7.18 I closed.
My target was too far for 1st target-I still need to work out a viable logic for 1st target- to this point I've been using chart price points but not thinking thru the implications of those "points", like in this case where a 7.49 target was over 5% higher than my entry, when the stock was already up 4% for the day)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-01-20 11:32:11 | NVAX | buy | $7.100 | long |
| 2015-01-20 13:04:30 | NVAX | sell | $7.174 | 0 |
Comments
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Good trade except that you probably could have sold partial there and held some for further gain. The trend was still up.