VXRT Trade on Jun 11, 2021 11:54 from WuManChu: Tradervue User Stock Trades.

Idea, Entry, and Risk:

*Idea: Fade from 11am highs and VWAP test.
*Entry: 9.10s and scale up from VWAP into pops+fails
*Risk: 1:3 (HOD vs G/R)

Catalyst and News:

Positive analyst PT update and "hopes" of moving to Phase II testing on their Covid vaccine, on a ticker full of baggies.

Fundamentals:

n/a

Technicals:

Big morning push into 10 key and immediate fail, no holds after the 9.50s key, and fail into the 8.60s.

Summation:

Half sized entry into said push. Sized and held, not enough conviction to fully size into the 9.30s push. Watched it fail and go down into the 8.70s, took some off as it consolidated there and decided where it wanted to go.

Was expecting another flush at some point and put in a late sell for 8.35, waited too long and let it ride back to VWAP. Waited again for the 8.70s point, at least got some out at 8.60s.

Takeaways:

Remember, set your PT and a limit and just leave it, even if it's just a small portion of your position. Better to get filled where there's going to be contention rather than waiting to see if you're going to nail more.