Shared by
TrendSupporter
Totally new trade to me. Large cap gapper and I was watching it after it went red. It bounced off of the 69.50 support level and as it got to the vwap which was also half dollar level I took a short position with those 2 factors on my side. It hesitated at that area and continued up and I stopped out. I need to wait for confirmation, that is one thing I need to improve on.
What I did correct was go small size since it was first with this type of trade and I also stuck to my plan.
What I did wrong was i didn't wait for confirmation.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-10-31 10:54:00 | IPHI | sell | $70.490 | short |
| 2019-10-31 11:01:00 | IPHI | buy | $70.720 | 0 |
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