Watched it rip in PM, no news but good price action and decent volume. Waited for it to come back down to VWAP, got in a bit early, should have bought 1/2 pos. Target was $6, risk was $5.25. Must have fat fingered my sell at the open because I didn't get out when it ripped up right away but good exit regardless.
Wanted out of the position because it was pure hype, Friday as well so other traders are wanting to be in and out right away. Took my win and called it a day.
Post trade observation:
Ticker looked like it was dying off. First VWAP retest failed hard but second one broke through and saw support on the VWAP. Would have been a great entry point for a RG trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-09-02 09:13:16 | PXMD | buy | $5.450 | long |
2022-09-02 09:30:28 | PXMD | sell | $5.980 | 0 |
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