I talked about this trade here:
-Basically to summarize: Shorted at VWAP, risked 6 ish cents....Covered for average of 32.5 cents....Risk:rew ratio of 1:5 met
-Notice: QUICK scalp- This was NOT meant to be a trend trade as the stock was in a choppy range so I did not expect it to selloff b/c of the very bullish sentiment from the news
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2011-07-26 10:23:47 | BRCM | sell | $38.400 | short |
2011-07-26 10:25:59 | BRCM | sell | $38.370 | short |
2011-07-26 10:34:06 | BRCM | buy | $38.100 | short |
2011-07-26 10:34:41 | BRCM | buy | $38.020 | 0 |
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