These are two separate trades on VXRT. VXRT sold off during premarket and initially I tried taking it short for a break below premarket lows. My entry was very late at 10.04 and was 4 cents from the low of the first candle. The stock bounced from 10.00 and I added again near premarket low, but this was foolish. The expected move should be a downward continuation on a break down, not a bounce back to premarket area. I exited as the stock broke above VWAP, but should have down so as it reentered premarket price areas.
The second trade was stellar. I got in for a VWAP breakdown and added as the trade continued in my direction. The first add was as the price broke below a weak support zone around 10.33. And then I doubled again as it showed further weakness.
Exited at the price level of 9.67. Love this trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-07-27 09:31:46 | VXRT | sell | $10.040 | short |
2020-07-27 09:33:06 | VXRT | sell | $10.220 | short |
2020-07-27 09:35:04 | VXRT | buy | $10.775 | 0 |
2020-07-27 10:31:36 | VXRT | sell | $10.660 | short |
2020-07-27 10:45:00 | VXRT | sell | $10.383 | short |
2020-07-27 10:50:40 | VXRT | sell | $10.365 | short |
2020-07-27 11:14:19 | VXRT | buy | $9.736 | 0 |
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