I also got in MRVL late until $217/ share with 100 shares, but I did not wait enough time for 700 US dollars gain.
Learn to read chart and then follow the chart. Be patient, and stay positive, and relax, wait the time before the market close.
Lessons learned:
- Place a trade on $217/ share
- Set stop loss - $200 - $300 US dollars
- Wait
- How to avoid nervousness and learn to be patient?
- Walk away from the computer monitor and then do other things
- Come back every 30 minutes to read the chart again, anything new? Need to take profit, any retracement?
- Entry price $218.4807
- Entry time: 9:58 AM
- Exit price $217.8872
- Exit time: 10:26 AM
MRVL trade was place on bar count No. 6, and then there is a demand box underneath to encourage me to get in, the purple line is EMA 5, the price is well above EMA 5 - $218.5/ share, blue line is VWAP price $215/ share. The volume weight price, the fair price is $215/ share. In order for me to make profit, I have to get in with fair price waiting for MRVL retraced to VWAP first.
Find VWAP price first, and then use limit order to place MRVL 100 share, instead of getting price at $218.4807, in next 15 minutes, I can get price around $216/ share.











