was similiar setup to ANF. Flagged into support and started to setup for the short. It did drop a bit, but wasnt close to target and didnt scale out. Popped up and hit stop, only to flush 15 mins after i was out.. argh... oh well...
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-05-29 10:06:23 | SAFM | sell | $89.930 | short |
2014-05-29 10:24:50 | SAFM | buy | $90.490 | 0 |
Works better when they bounce down off the VWAP usually - if only you waited for it to get back up to the VWAP, and then take it!
I couldnt ..... i have a NO DOUBLE DIPPING rule... only 1 trade per stock. Cant get back in..no matter what.
its a rule that i need at this point. I know there should be exceptions...blah blah.. but.. right now.. its protecting my dumb ass...LOL...
Sorry, what I am saying is don't get in where you did, WAIT for it to tap the VWAP, then nail it. But I understand your rule - anything that helps your mental game is worth it man!
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When it pullback and then make a lower high then lower low, hit it for a short on the 5min chart.