INDP Trade on Sep 15, 2021 11:35 from maloneyjay1: Tradervue User Stock Trades.

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maloneyjay1

 

Day 1 late-morning wedge entry on a very low float runner. Not a lot of inst. ownership or short interest, had a PR. Extremely low float under 1M which I am not used to, but it was on my radar premarket because of how tight the range was along VWAP.

I like my entry, I missed the initial run but I wouldn't have felt comfortable chasing. That being said, I sold WAY too soon, and this is to be honest one of my biggest current weaknesses. One option here could be to use a common EMA crossover, perhaps 3/8 Minute EMA cross down, as a means to get out. I know that this is a common short signal, but I don't have a definite answer.

Most of the time, I use a profit target calculated as 2:1 from my risk. However because of all the attention and volatility, I got spooked and sold into any strength whatsoever. On the whole I would love to see more of these microfloats with excellent range.


Execution detail:

Date/time Symbol Side Price Position
2021-09-15 11:35:35 INDP buy $20.570 long
2021-09-15 11:40:12 INDP sell $21.070 0
2021-09-15 11:47:39 INDP buy $23.570 long
2021-09-15 11:48:03 INDP sell $23.920 0


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