I did not really see anything to trade and was flipping from chart to chart as I am trading from only a laptop. I saw OPHC beginning to shorten the distance b/w the price and VWAP. Volume was picking up as well so I decided to get in on a 1/4 size with anticipation of a VWAP reclaim. Of all the times I try anticipating the VWAP reclaim, this time I got slammed on hard. In a mtter of seconds I was down more than 40 cents/share. I panic and froze for like 10 seconds. I waited for a bounce, but when you get dumped on like that you just want to get rid of your position to avoid further damage. I really gotta go back to the basics of the VWAP reclaim pattern and stop trying to anticipate a move.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-06-17 09:57:21 | OPHC | buy | $4.560 | long |
2020-06-17 09:58:08 | OPHC | sell | $3.970 | 0 |
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