M Trade on Jul 23, 2020 09:42 from aceknuckles: Tradervue User Stock Trades.

Ticker: M
Date: 7/23/20
Size: 100
Amount of Trades: 1
Closed P&L: $-14

(as of 7/23/20)
RVol: .64
AVol: 29.5M
ATR: .51
Float: 307.84M
Short Float: 46.69
Beta: 1.52
52 Week Range: $4.38 - 20.25
Sector/Industry: Consumer Cyclical/Department Stores

Macy's has been struggling pre-COVID and started battling bankruptcy. M was downgraded from Neutral to Sell by OBS. $6.5 was a previous intraday level acting as resistance. Price tapped and failed at 6.5 and started moving back below VWAP at 6.4. I used that as confirmation to get short at 6.4. I knew 6.5 was a better entry but I wasn't convinced that price could return to 6.5 again. Price found support at 6.3 before rallying beyond 6.5, to stop me out at .54. Entering at 6.5 would have given me a better area and a better stop. I most likely would have gotten stopped out there as well but this is a game of odd and it's bet that I put myself in the best position to win.