One more time after a quick loss in FB, I saw this position testing the .30 range and started to set up for one more round turn. The tape looked like .40 was the near term top. There was a hesitation here as I was hoping for confirmation. This short offered the risk profile of the three shorts. I got flat a VWAP. I played this on momentum off the .40 level that had some sellers. I triggered late again on some quick price action. I would have liked .31 or .32 but I got filled at .28 and closed at .12c.
I missed the long that I wanted this morning as well. About 10 minutes after my cover, DIS found support a VWAP. I had not be paying attention as I need a break. But, it did meet entry criteria for and VWAP consolidation play.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-04-04 12:59:44 | DIS | sell | $114.285 | short |
2019-04-04 12:59:44 | DIS | sell | $114.285 | short |
2019-04-04 12:59:44 | DIS | sell | $114.283 | short |
2019-04-04 12:59:44 | DIS | sell | $114.285 | short |
2019-04-04 12:59:44 | DIS | sell | $114.285 | short |
2019-04-04 13:29:38 | DIS | buy | $114.110 | short |
2019-04-04 13:29:39 | DIS | buy | $114.116 | 0 |
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