My goal for today was to find one good set-up and trade only once as I am still waiting for cash to settle. I couldn't afford too many trades today.
At about 0845, I set my entry at $14.01 just above the VWAP; however, before the bell, the stock trended down. I lowered my entry to $13.50 at the next logical resistance level. At 09:34:54, my entry filled and it immediately shot up to $19-something. I decided to hold as the stock was trending up; however, it then dropped taking my profits with it. I decided to hold for another 15 minutes as it had not dropped below my cut off of $20.00 and sold it for $22.08 at 09:49:05 when it was in the green again.
My goal for this week was $20.00 as I am still learning.
Something to work on:
I will create a hot key to sell.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-04-27 09:34:54 | ALDX | buy | $13.500 | long |
2021-04-27 09:49:05 | ALDX | sell | $13.942 | 0 |
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