Shared by
cavaliercapital
Really gutted about this trade. Was a big winner for avg of 2.5 points but due to scaling in/out sizing incorrectly, turned a big winner into a tiny winner.
Added premarket x 1/3 a time. got a really solid entry on that $138. fantastsic exit intially, but scaled the last 2/3 out for loss wiping out the gain.
Think i need to build into a position more agressivly when closer to my stop, and take off 1/2 right away leaving the remaining half to either work or take off for scratch. 2.5 points was a solid move, probably got too greedy waiting for a larger move, even when bids showed up and started higher highs. Lots to reflect on this trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-07-22 09:03:20 | NVAX | sell | $135.360 | short |
| 2020-07-22 09:27:38 | NVAX | sell | $136.970 | short |
| 2020-07-22 09:31:31 | NVAX | sell | $138.990 | short |
| 2020-07-22 09:37:00 | NVAX | buy | $134.610 | short |
| 2020-07-22 10:08:18 | NVAX | buy | $137.860 | short |
| 2020-07-22 10:21:25 | NVAX | buy | $138.530 | 0 |
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