Went short as price broke below the 200 EMA. Support was found near my entry and I should have exited as it broke up past my entry. Instead I froze and INO took me for a ride.
Ideally, I would have exited, and then waiting for weakness to show near VWAP. This can be seen on the 5 minute chart with two consecutive dojis below VWAP, followed by a 5 minute bearish engulfing candle. This could have been a good entry signal.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-07-28 11:55:36 | INO | sell | $21.260 | short |
2020-07-28 11:57:53 | INO | sell | $21.232 | short |
2020-07-28 15:20:50 | INO | buy | $21.063 | 0 |
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