Shorted the pullback after the gap up as this stock was prime for a parabolic short on the daily. Placed my stop right above the VWAP and had a potential 4:1 risk-reward but I sold it so that I could get into another stock as I was limiting myself to only three open positions at one time.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-02-10 09:39:00 | WPRT | sell | $6.448 | short |
2015-02-10 09:39:00 | WPRT | sell | $6.450 | short |
2015-02-10 09:47:00 | WPRT | buy | $6.410 | short |
2015-02-10 09:49:00 | WPRT | buy | $6.410 | 0 |
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