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Very nice momentum play. heard the news on squawkbox, jumped over to see if it reacted. when i saw it squeeze in premarket, waited for first pull back on 1min, jumped it on the second green candle with a mental stop at 1.85, entry at 1.92. with my excel spreadsheet and 25 dollar risk, calculated roughly 372 shares. 1R target 1.99, 2R 2.06, 3R 2.13, 4R 2.22. Sold the first quarter lot when it pulled back from 2R target @ close to 1R, but it bounced back, went and peekabooed 1 cent shy of my 4r target, saw it want to flush, and didnt want it to get below my 3R target, so i sold off at 3R with the balance of my shares. at about 2.12 to 2.13. i felt my entry was solid, waited for catalyst. didnt go and chase FLXN this morning or the other stocks that had already moved. As far as trade management, i feel that using the fibonacci levels programmed with my risk target levels gives me better insight when to exit or bail out. 9EMA guided me with determining level of bullishness during the entry to 2R target level.
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2021-10-11 09:14:02 | NAOV | 372 | $1.920 | 372 |
2021-10-11 09:30:59 | NAOV | -93 | $2.012 | 279 |
2021-10-11 09:34:30 | NAOV | -69 | $2.141 | 210 |
2021-10-11 09:34:39 | NAOV | -52 | $2.130 | 158 |
2021-10-11 09:34:48 | NAOV | -39 | $2.120 | 119 |
2021-10-11 09:34:50 | NAOV | -119 | $2.121 | 0 |
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