VWAP Bounce play.
Strong entry, buying a name that was up big on the day while it was pulling back. I was right quickly and lightly green. AMD fell fast and I was stuck frozen, not getting out in a timely fashion. A valid exit would've been 1 minute earlier, that would've been enough confirmation that my trendline broke.
I had a strong RR but slippage turned this into a nasty loser. This is a ticker that can move fast. I don't trade BA or ROKU because I can't handle the speed those move at.
I need to be aware that quick exits are optimal on contracts expiring soon and on names that move fast.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-09-24 10:24:02 | 25 SEP 20 76 CALL | buy | $1.370 | long |
2020-09-24 10:32:08 | 25 SEP 20 76 CALL | sell | $1.060 | 0 |
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