Shared by
Teyrex_Trading
This was the hottest premarket mover with PR and a recent reverse Split. I waited calmly for it to find a bottom and when it bounced hard I started looking for an entry which I started in Tier 1 thinking that I would maybe need to add a bit lower on a double bottom or off of a higher low but this was pretty much it and a sideways grind until it punched through VWAP and ran into the close where my tiered sell was in front of $10.
I left half my shares on to see if it pushed over $10 for a great squeeze but I was stooped out my remaining shares on the after hours dip to $9.50.
Happy with my trade management and patience waiting for the squeeze I thought I could see coming since the first bounce this morning.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-01-21 10:43:39 | NVAX | buy | $7.957 | long |
| 2020-01-21 12:38:57 | NVAX | buy | $8.300 | long |
| 2020-01-21 12:58:58 | NVAX | sell | $8.160 | long |
| 2020-01-21 13:00:11 | NVAX | sell | $8.103 | long |
| 2020-01-21 13:24:52 | NVAX | buy | $8.330 | long |
| 2020-01-21 14:47:10 | NVAX | buy | $9.140 | long |
| 2020-01-21 15:04:34 | NVAX | buy | $9.150 | long |
| 2020-01-21 15:23:32 | NVAX | sell | $9.542 | long |
| 2020-01-21 15:45:44 | NVAX | sell | $9.930 | long |
| 2020-01-21 16:05:59 | NVAX | sell | $9.550 | 0 |
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