PLUG Trade on Aug 10, 2021 09:41 from mrideout: Tradervue User Stock Trades.

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mrideout

 

Daily:

Price levels: 30.18, 29.77 @ 200 ema, 29.92 @ 50 ema, 28.17, 27.75 @ 20 ema
Inst. Ownership:
ATR: 2.17
AVOL: 17.5M
VOL: 28.9M
Float: 510.28M
Short float: 10.51%

Intraday:
On the daily chart, price was above the 50 ema, but below the 200 ema. On open, price rallied to 30.18 and then fell back to VWAP, forming a hammer. I decided to get long on the next 1 min high anticipating a continuation through the 200 ema (knowing it could be rejected). Price initially began to rally after my entry but formed a doji at vwap and began to fall. I tried to exit at breakeven, but my limit order failed to trigger (despite have a 3 cent offset). I exited out manually with a market order for a 16 cent loss.

areas of improvement
- Entry was fine based on intraday data. A higher low formed with a hammer candle at vwap. Entry was the next 1 min high, which is textbook. The 200 daily ema was potential resistance, which was taken into consideration before entry, and risk was managed effectively when the trade didn't work. Overall I'm okay with this.


Execution detail:

Date/time Symbol Side Price Position
2021-08-10 09:41:08 PLUG buy $29.789 long
2021-08-10 09:44:47 PLUG sell $29.621 0


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