Shared by
JRockTrades
Tags:
OGT
NVAX simultaneously dropped VWAP and a wedge it had formed on the 1-minute. I could see acceleration in the time and sales. I tried to short from 212.50, but my offers didn't get hit as it was dropping too fast. I did a market sell and took a short position with the idea that I wanted to trade down to the previous days low around 202. This worked really really well and I met all my profit targets in a really clean move. There was a little more continuation beyond my final cover, but I had a plan and traded it and to a T.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-09-29 10:10:43 | NVAX | -30 | $211.585 | -30 |
| 2021-09-29 10:23:03 | NVAX | 5 | $209.050 | -25 |
| 2021-09-29 10:26:52 | NVAX | 1 | $207.250 | -24 |
| 2021-09-29 10:26:57 | NVAX | 4 | $207.330 | -20 |
| 2021-09-29 10:34:13 | NVAX | 5 | $205.850 | -15 |
| 2021-09-29 11:06:48 | NVAX | 5 | $204.550 | -10 |
| 2021-09-29 11:07:35 | NVAX | 5 | $204.000 | -5 |
| 2021-09-29 11:17:21 | NVAX | 5 | $202.550 | 0 |
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