This stock is running on news about the new covid variaant. It had a huge day yesterday which I missed and today it was gapping up. I was looking to buy the retest gap. I waited for a dip and waited for the first 3 min candle to break the previous candle and I entered. This however was too early. I kept watching and this stocks retest the previous days highs perfectly and that is when I entered. Unfortunatley I did not exit the trade and the stocks plummented the next day because the market was down. This just goes to show that I need to take profit on these kind of plays.
I am happy that my second trade was pretty much perfect and that my first trade I cut my losses. I am still not sure how to know when it is going to retest all the way or if it just going to dip a little bit.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-11-29 09:37:12 | MRNA | buy | $371.700 | long |
2021-11-29 09:42:43 | MRNA | sell | $359.435 | 0 |
2021-11-29 10:19:40 | MRNA | buy | $353.000 | long |
2021-11-30 09:20:24 | MRNA | sell | $353.750 | 0 |
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