This was sort of a resistance play/VWAP Fade... but my entry was late and therefore I had to be a bit more careful and be OK with a scalp... which is what I did.
This is not the type of trade I really want to be taking all day everyday... I'm better of trying to trade more size in the morning and then maybe pass on these type of trades as the RR isn't as high.... with that being said... a VWAP Fade setup a bit earlier in the day or maybe later in the afternoon when SPY/Sector is also looking weak... that can offer really good RR... but lot of it depends on whether or not I can Fight for Price and keep risk tight.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-03-25 11:00:13 | AMD | sell | $26.150 | short |
2019-03-25 11:02:01 | AMD | sell | $26.200 | short |
2019-03-25 11:07:12 | AMD | buy | $26.120 | short |
2019-03-25 11:07:14 | AMD | buy | $26.110 | 0 |
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