Note: Relative noob here, just putting my thoughts on paper.
Good trade here. I got in at 3.25 which was right over VWAP, and set my stop at 3.15. I anticipated the VWAP bounce, and it ended up jumping up to around 3.60 within a few minutes. That jump put me over my daily profit goal so I sold out.
Even though I was at my goal I continued to watch for more setups. It continued to climb until it met resistance at $4.00. After that it tapered down to around $3.75, where I anticipated support and a retest of $4.00. I jumped in at $3.79 and just rode it back up to $4.00. For this second trade, I actually used something that I learned from my trade with AIKI yesterday. Instead of setting a hard limit sell, I just moved my stop loss up with the price and let it run to maximize profits. It worked well and I'm happy with my execution of this trade.
What could have been better?
Overall I think this trade couldn't have gone much better. I had tight stops in case I was wrong, I didn't get greedy or impatient, and generally I think this was just the right stock in play today.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-01-07 09:35:30 | SOS | buy | $3.250 | long |
2021-01-07 09:37:06 | SOS | sell | $3.580 | 0 |
2021-01-07 09:44:58 | SOS | buy | $3.790 | long |
2021-01-07 09:45:57 | SOS | sell | $4.010 | 0 |
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Nice trades, noob.