MOSY Trade on May 14, 2021 09:54 from bibimoreallin: Tradervue User Stock Trades.

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bibimoreallin

 

Big Picture:
A slow trading day with the premarket leading gapper IHT at around 20%.
IHT is a choppy stock, as the main resistance is at 8.2-8.5, IHT premarket trading at 7.9, the price is near resistance level, I ruled out this ticker unless it break $9 and consolidate at above.
So there is no trade at the open.

LEDS and MOSY pop up:
After open, LEDS pop up first, I do not have confidence on this pop as the volume was still light, and most likely it may pop and fade like RHE on the previous trading day.
Then MOSY pop up very fast, I do have chance to buy at 3.6 which is a micro consolidation in the range 3.5-3.6, only 10 cents risk is needed in this trade, but I am not fast enough to get into the trade, as I am still loading up my 10s chart.

MOSY trade:
After missing this entry point, I wait for the first pull back to VWAP, and it did at 9:51. It hold 4.15 and bounds back over VWAP. I bought on the retest of VWAP at 4.36, but it fails to hold and braak VWAP again. My position got stopped out. But It quickily recovered back to 4.4. I reenter my starter position 500 shares after seeing the 1 min chart hold and put stop at the doggie bottom 4.28.
I looking to add once it break the last top 4.5. It did break through 4.5 and the high point is around 4.65, I then wait for the micro pull back, It pull back to 4.38, once I saw 4.38 hold and back to 4.5, I added one more lot at 4.52, with stop at 4.49.
It immeediately pump up to 4.7. I took 30% off at 4.65 to cover my trading risk, and the rest hold till breaking new high.
When I saw the Time & sales slows down, in front of $5, I sold the rest of my position.
As I do not think that the big market setiment is positive enough for small stock to have great move, I tend to sell my position once slow down after hitting new high.


Execution detail:

Date/time Symbol Side Price Position
2021-05-14 09:54:50 MOSY buy $4.360 long
2021-05-14 09:55:26 MOSY sell $4.270 0
2021-05-14 09:56:14 MOSY buy $4.420 long
2021-05-14 09:58:22 MOSY buy $4.560 long
2021-05-14 09:58:54 MOSY sell $4.640 long
2021-05-14 10:00:22 MOSY sell $4.860 0


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