Strategy: “B” set up – News – August 17th, 2021
Ticker: VRPX
Float: 4.9 million
Volume: 10.1 million
Catalyst: News – has received a written pre-investigational new drug response from the FDA for MMS019
Market Cond: both down .5% – SPY and QQQ
Pre- Market: flat trading around high 4’s
Open: Strong buying pressure came in and jump to 1st halt @9:30:35
Side: LONG
Prop Entry: under $6.50 x 2000 (full size)
Stop: $6.20 – Mental stop, break of VWAP
Profit Target: $7.00
Issue: FOMO got me on the 1st trade, but then followed the plan and worked out as I expected
Outcome: 1st trade, FOMO got me and chased it while it was shooting up, had to sell quickly due to my high entry point.
Bought 1000x$6.27@9:27:49, sold half 500x$6.46@9:27:56, sold rest 500x$6.50@9:29:00
2nd trade was a safer entry, bought the dip after a fresh break out (1st pull back)
Bought 2000x$6.40@9:29:38, sold 500x$7.00@9:30:09; sold at the halt level 1000x$7.11@9:30:22
After halt resumption sold the rest 500x7.81@9:35:22. Gross profit: $1,815
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-08-17 09:27:50 | VRPX | buy | $6.270 | long |
2021-08-17 09:27:57 | VRPX | sell | $6.460 | long |
2021-08-17 09:27:58 | VRPX | sell | $6.500 | long |
2021-08-17 09:28:00 | VRPX | sell | $6.480 | 0 |
2021-08-17 09:29:39 | VRPX | buy | $6.410 | long |
2021-08-17 09:29:44 | VRPX | buy | $6.400 | long |
2021-08-17 09:30:09 | VRPX | sell | $7.000 | long |
2021-08-17 09:30:14 | VRPX | sell | $7.110 | long |
2021-08-17 09:30:22 | VRPX | sell | $7.110 | long |
2021-08-17 09:35:35 | VRPX | sell | $7.430 | long |
2021-08-17 09:36:22 | VRPX | sell | $7.810 | 0 |
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