Shared by
cyZ
F F* mirage setup, I imagined the consolidation around VWAP might lead to a remount. Tight consol under VWAP with clear buyers can lead to a remount. This case was not a tight consol and there was no clear buying
This was an excellent short setup with a double top at 75.00
le 74.69 -- VWAP 74.74
add 74.70 -- no reason to add
add 74.50 -- below .50 I need to stop, not add
add 73.93 -- hail mary add, hoping for 74.00 to hold (no reason for this, it wasn't any level of note)
stop 73.95 -- GTFO, price not showing any strength
reenter 74.05 -- pure impulse, imagining price holding up
stop 73.79 -- new lowerL
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-02-10 12:39:18 | TAP | buy | $74.700 | long |
| 2015-02-10 12:39:22 | TAP | buy | $74.690 | long |
| 2015-02-10 12:39:47 | TAP | buy | $74.500 | long |
| 2015-02-10 12:43:01 | TAP | buy | $73.930 | long |
| 2015-02-10 12:46:29 | TAP | sell | $73.950 | 0 |
| 2015-02-10 12:47:40 | TAP | buy | $74.050 | long |
| 2015-02-10 12:48:47 | TAP | sell | $73.790 | 0 |
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