This was good trade for a consolidation play at VWAP. This risk as well defined. My bias for a trade to hold was long. This was looked at this morning as a second day play even though it had a new catalyst.A similar consolidation play set up a little later in the day that worked.
I was playing for a bigger move. I had small opportunity to turn this over for a one for one trade. I will continue to work on this set up. I believe that even if this loses more than it wins these will be some 6 and 7 to one trades.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-04-05 11:13:53 | STZ | buy | $190.880 | long |
2019-04-05 11:13:53 | STZ | buy | $190.880 | long |
2019-04-05 11:13:53 | STZ | buy | $190.880 | long |
2019-04-05 11:27:04 | STZ | sell | $190.725 | 0 |
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