06.25.20 $NNVC & $TBIO

One fat failed trade and one really nice short! First, I got long $NNVC but it crapped out on me a while into the trade. I was looking for VWAP to hold support and the tradeline to push it up and through the high of day. No go on that one. $TBIO gave me a really nice opening for a short play though. I was looking for it to go to and through $23.05 down to around the $19.00 area. After I took my first take profit in front of the low of day I read the action as a failed breakdown and exited the position. We never made it to my $23.05 target during the trading session and I would have more than likely exited this position when it broke VWAP at the end of the day. I know I would have exited before the bell; where exactly I'm not sure. I sometimes question bailing on trades early but here is an example of it working in my favor. I'm not sure if this is right, wrong, or indifferent.




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