NVAX Trade on Jun 22, 2020 15:03 from mrideout: Tradervue User Stock Trades.

Daily:

Strong uptrend above 9 EMA. Price above 62 level.

Intraday:

Low volume premarket above previous day high. Price sold off at market open and rallied back to VWAP where it consolidated until ~12:30pm, where it broke above. Volume picked up once it held above VWAP and price continued to rally. When price reached the 200 EMA on the 5 min, it created a bull flag with declining volume. I entered in on the break above, but exited when the price pulled back.

Areas of improvement

My entry was far too late. At most, my entry should have been at 64.40 and then exited at 65.50 when a high volume doji was created (high effort, low result). Price was also extended when the doji formed, a second indication of a pull back/reversal etc. Once the price consolidated back to the 9 EMA on the 5 minute, another buying opportunity presented, which I could have capitalized on.

In retrospect, because I had a bad entry, I should have hit out immediately. There's no reason to hold trades with bad entries.