ADES Trade on Oct 1, 2020 09:35 from GJ_Trades: Tradervue User Stock Trades.

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Float: 17.95M (with high IO)
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Stock was broken p/m. There was resistance between $6.00 and $6.20, so I decided to short a potential pop into these lines at the open.
--> ok!
The stock broke $5.60 instead and I was ready to short a pop after it broke that line. Had broker issues, so my order did not get executed at $5.60. Sold for a small win.
--> ok!

Shorted again into resistance $5.40
--> That’s too early! The stock will most likely pop towards VWAP again.
Added to my position on the way up.
--> Widen your range and don’t use fantasy orders on that tight range. The stock needs room to breath. Where is your thesis no longer valid? Above 6 it was no longer valid because VWAP would have got reclaimed. So a good scale would have been: $5.70 and $6.00 risking $6.10

If you want to scale under VWAP: Where are the major res lines and is a push into VWAP likely? After 9:45 a.m. a push was likely. You chased under VWAP, well aware a push can happen!
If you want to short on pops under VWAP, wait until the stock proofed it failed to reclaim VWAP multiple times!

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Execution detail:

Date/time Symbol Side Price Position
2020-10-01 09:35:26 ADES sell $5.500 short
2020-10-01 09:38:39 ADES buy $5.438 0
2020-10-01 09:46:15 ADES sell $5.400 short
2020-10-01 09:49:51 ADES sell $5.650 short
2020-10-01 09:50:09 ADES buy $5.750 0
2020-10-01 09:51:19 ADES sell $5.600 short
2020-10-01 09:57:41 ADES buy $5.500 0
2020-10-01 10:02:53 ADES sell $5.580 short
2020-10-01 10:03:47 ADES buy $5.850 0
2020-10-01 10:04:07 ADES sell $5.780 short
2020-10-01 10:04:38 ADES buy $5.870 0


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