I like how I start this play off the way I oughta and when it stopped working out for me, you know when NVAX reversed after the initial run up that I was riding, heck I was still in the green or maybe barely red, I started pushing the size even though the trade wasnt working out for me yet. The levels were defined and the volume was so lackluster, the highest was obviously in the first min and then a red bar at 8:46, followed by a complete volume dry up. It made sense to be in this play when it was active in the first 5-8 mins but then it was time to let go. At that point it can still be on my screen and I monitor it but I should not be entering on the pullbacks to support and especially not a low volume breakout.
It was good that I only entered with 25 shares, at that point I am just looking if NVAX runs and then on a potential pullback finds support where it oughta, but it did. Holding onto VWAP would have been a good start, but VWAP ended up being resistance.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-10-21 08:30:38 | NVAX | buy | $139.920 | long |
2021-10-21 08:34:31 | NVAX | sell | $142.680 | long |
2021-10-21 09:18:33 | NVAX | buy | $139.840 | long |
2021-10-21 09:18:33 | NVAX | buy | $139.840 | long |
2021-10-21 09:18:33 | NVAX | buy | $139.840 | long |
2021-10-21 09:29:54 | NVAX | sell | $137.400 | long |
2021-10-21 09:29:54 | NVAX | sell | $137.400 | long |
2021-10-21 09:29:54 | NVAX | sell | $137.400 | 0 |
2021-10-21 09:36:51 | NVAX | buy | $138.300 | long |
2021-10-21 09:46:06 | NVAX | sell | $137.750 | 0 |
2021-10-21 10:08:25 | NVAX | buy | $139.761 | long |
2021-10-21 10:15:41 | NVAX | sell | $138.119 | long |
2021-10-21 11:25:37 | NVAX | sell | $137.410 | long |
2021-10-21 11:25:37 | NVAX | sell | $137.410 | 0 |
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