Shared by
Trade_Hunter
Trade Summary:
I was watching this one pre market and noticed support level at around $5.75 (had been a resistance level in two instances.) So I bought with a SL below $5.75, and a price target of $6.50 at the next major resistance level. I definitely did not expect it to go fully parabolic, but ended up with some excellent trades on it.
What did I do right?
I went into this one with a plan, which is something I was focusing on improving from some of my previous trades. I had my SL set as soon as I was in the trade so my risk was defined. I also did well to hold onto some of my shares after reaching my PT, since I have a tendency to sell too early and miss out on profits.
What could I have done better?
Can't really think of much other than maybe having the confidence to use higher share size once a stock starts to be very bullish like this one was. I had a plan and followed my rules, would have been a disciplined trade, win or lose.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-02-19 09:31:02 | VCNX | buy | $5.960 | long |
| 2021-02-19 09:31:10 | VCNX | buy | $6.020 | long |
| 2021-02-19 09:32:29 | VCNX | sell | $6.520 | long |
| 2021-02-19 09:33:12 | VCNX | buy | $7.100 | long |
| 2021-02-19 09:34:30 | VCNX | sell | $7.480 | 0 |
| 2021-02-19 09:35:22 | VCNX | buy | $7.110 | long |
| 2021-02-19 09:36:27 | VCNX | sell | $8.020 | 0 |
Comments
michaelbyrd0820
Good Job! I should have stopped on that first big red pullback at 9.50...but noooo! "I'll make that loss up"....ya right!
dpaleo
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good trades. I got shaken out on the pullback so I didn't get any of the move over 8.