Timeframe:
Strategy: Initial entry premarket for a swing trade, second entry was on a breakout
Valid Trade: Yes
P/L: 49.60R realized with half the shares held overnight that are (up 40R unrealized)
Notes: Initially got in the trade premarket with intentions on holding overnight. My thought was that it would grind all day pushing back up to premarket highs. At 9:52 took another entry on breakout and my thought on holding overnight somewhat changed. Took my final trade at 12:08 and got out of that trade at 12:19 after getting stopped out for a 4R profit. At that point I put an OCO in for half(still wanting to swing the other half) and started moving my stop loss up based on 15' bar by bar and target limit at $5 over the previous bar on 2' chart. I got caught slipping while up grabbing lunch and got tagged going into the halt. My target was literally .23 below where it halted(CAN YOU SAY PISSED). On the last half I had a stop set at $40.00 or keep overnight. Stocked flirted with stop going down to %42.00 but closed at $45.00. In the after hours hit a high of $74.40 and closed at $65.00.
Overall happy with my management on the trade.
Day #2 What can I say... After seeing how the premarket was doing I didnt know what to expect. I should've had an order in to sell half my position but I was just riding the wave. Tried to get an order in on the last halt up but didn't get it in. After the huge halts down it bounced about and I put a stop in and got stopped out... Nice gains but could have managed it better
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-10-21 09:28:43 | DWAC | buy | $12.760 | long |
2021-10-21 09:52:51 | DWAC | buy | $14.120 | long |
2021-10-21 12:08:07 | DWAC | buy | $24.140 | long |
2021-10-21 12:08:07 | DWAC | buy | $24.140 | long |
2021-10-21 12:19:17 | DWAC | sell | $24.400 | long |
2021-10-21 13:15:30 | DWAC | sell | $33.730 | long |
2021-10-22 11:04:54 | DWAC | sell | $98.000 | 0 |
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