Setup:
- Pfizer announced it could have vaccine ready before end of year
- Google trends showed lot of research on pfe
- Traded above VWAP
- S&P: +0.83% - DOW: 0.72% - QQQ: +1.09%
- Pfizer rose 1.5 points (+-4%) on Friday after CEO announce
Risk: $500
Reward: $1000
Type: Daytrade
Entry: $38.955
Stop: $37.955 (+- 2.50%)
Target: $40.96 (+- 5.10%)
Qty: 500
Execution:
- Bought 500 shares@$38.95 @ 10:39
- Tested $38.70 and $38.80 beforehand
Outcome:
Loss $196
- Bad trade as investors where frightened by lack of advance in stimulus negociations
Improvements:
- Wait clearer price trend
- Wait till opening
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-10-19 04:39:40 | PFE | buy | $38.950 | long |
2020-10-19 07:40:22 | PFE | sell | $38.570 | long |
2020-10-19 07:43:09 | PFE | sell | $38.570 | 0 |
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