Was playing off of VWAP. Ended up not working out and heading lower. My stop loss was fine. The only problem was not waiting for a clear bounce off of VWAP followed my a higher low. Still need to work on my patience.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-06-03 15:02:54 | SAVA | buy | $3.300 | long |
2020-06-03 15:05:02 | SAVA | sell | $3.230 | 0 |
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Hey bud good job cutting your loss quick. Next time be more patient with your entry, instead of anticipating the bounce on VWAP, just wait for confirmation. In this case they dropped this under VWAP and have your entry as it pushes back over VWAP with Volume. Nice .25 profit if you sell at previous resistance of 2.55ish.....Just my 2 cents :)