Shared by
smiyaki
WHY: Previous runner, had momo. Pullback and started to consolidate and set up for an ORB. Higher lows forming.
HOW: Bought in starter on dip as ORB was forming. Cut early emotionally driven, was not confident in play or entry.
WHAT: Should stayed confident in the play and added more on breakout of ORB. Had a nice .50 to .60 move in play then re-entry for a larger player once it held 11.50
Risk: $0.10
RR: 0
Total R: 0
Percentage of full size: 25%
WHY: Second play was seeing a DTB CC forming with support forming under VWAP.
HOW: Had multiple tiers adding once I saw good buying pressure, managing the trade tightly. scaled out up to 13.3.
WHAT: Could have scaled in better, should have anticipated a pullback to VWAP and added 50% size where I initially wanted to get in. Then sold at 13.15. and 13.40s as planned.
Risk: $.14
RR: 3:1
Total R: 3R
Percentage of full size: 75%
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-10-14 09:47:30 | NRXP | buy | $11.560 | long |
| 2021-10-14 09:52:57 | NRXP | sell | $11.670 | 0 |
| 2021-10-14 13:24:35 | NRXP | buy | $12.700 | long |
| 2021-10-14 13:29:03 | NRXP | buy | $12.820 | long |
| 2021-10-14 13:53:15 | NRXP | sell | $12.580 | long |
| 2021-10-14 13:59:55 | NRXP | buy | $12.990 | long |
| 2021-10-14 14:05:42 | NRXP | buy | $13.010 | long |
| 2021-10-14 14:07:47 | NRXP | sell | $13.150 | long |
| 2021-10-14 14:27:43 | NRXP | sell | $12.980 | long |
| 2021-10-14 14:32:04 | NRXP | sell | $13.310 | long |
| 2021-10-14 14:33:01 | NRXP | sell | $13.280 | 0 |
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