Shared by
tjmiller2001
First Execution: VWAP fade strategy. Good entry after I got confirmation that it was holding under VWAP but consolidating tightly instead of downtrending. Quick exit when it broke above VWAP for a small loss. Entered with small size which helped me from a PnL perspective
Second execution: Dip bought an uptrend when it broke above VWAP. This was a fakeout and it quickly turned against me. I struggled to exit quickly and my loss was bigger than it should have been. In quick and out quick would've been smarter than in quick then greedy to get a great fill on the way out. Another example of not following my typical VWAP strategy, and mother market made me pay.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-09-15 09:51:43 | 18 SEP 20 24 PUT | buy | $0.7500 | long |
| 2020-09-15 09:54:18 | 18 SEP 20 24 PUT | sell | $0.6500 | 0 |
| 2020-09-15 10:15:05 | 18 SEP 20 25 CALL | buy | $1.300 | long |
| 2020-09-15 10:20:38 | 18 SEP 20 25 CALL | sell | $1.120 | 0 |
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