Took this entry long as a reversal from opening lows and break back above VWAP, but there was never any real momentum. Chopped and consolidated right around VWAP w/ no more than $0.02 range on any 1-Min. candle; even uptick in volume sold into, with sellers sitting ready at every 1 cent uptick. Managed to exit with the only meaningful break up to ~ $1.4799 level. Strategy was sound, entry was okay, expected move just really didn't happen and exhausted my patience.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-12-27 10:16:00 | FCEL | buy | $1.433 | long |
2019-12-27 10:22:00 | FCEL | sell | $1.445 | long |
2019-12-27 10:42:00 | FCEL | sell | $1.469 | 0 |
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