CVS Trade on Dec 5, 2023 09:51 from Ihor_Horovenko: Tradervue User Stock Trades.

Thesis: FY24 guidance ok. Completed recent acquisitions of the companies. High RVOL + gap 3%+ in premarket. Was waiting for a VWAP breakdown after price could not get above premarket high and opening high twice during price discovery mode. Volume was drying up during the moments of price getting back above VWAP + attempts to break above opening high.

Stop: Placed my stop-loss above breakdown bar.

Entry: I have entered position once the breakdown bar closed under VWAP.

Targets: usually like to see 1to2 RR, but rely more on 2 moves where I sell 50% of position into 1st and then remaining into 2nd move.

Breakeven point: was not set.

Profit taking:-----

Comments: I denied to follow the 5 minute rile due to 70 level was more attracting price rather than rejecting. There were many attempts of price getting below it for a 1-2 seconds but real move I was waiting for never happened. I have decided to move closed my stop (3x) to have overall risk smaller for my little experiment. The job openings data release at 10:00 stopped me out as the market started to head higher.

Lessons: Had to follow 5 minute rule for adjusting stop loss at breakeven point.