This was a break of VWAP strategy with a pullback and consolidation above the VWAP. I was watching it as it broke VWAP but hesitated to jump right in cause it had a few previous false breakouts and I felt it needed to hold above VWAP before I wanted to take a long. I got in but was chopped out at first for a tiny loss, I could have just held and would have made a bit more but I wanted to get out quick if it was going to break VWAP. It held the VWAP again so I got back in for another stab and it gave a nice 10% follow through that I was able to make some money on. Not a bad trade set up at all, but could have been a bit cleaner with my trades, should have held my first trade but it was a very small loss, so no big deal and green for the day is always good! Here is my full trade recap,
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-10-26 10:26:59 | GRIL | buy | $2.495 | long |
2020-10-26 10:28:20 | GRIL | sell | $2.450 | long |
2020-10-26 10:28:20 | GRIL | sell | $2.450 | 0 |
2020-10-26 10:30:04 | GRIL | buy | $2.480 | long |
2020-10-26 10:30:04 | GRIL | buy | $2.480 | long |
2020-10-26 10:30:04 | GRIL | buy | $2.480 | long |
2020-10-26 10:30:04 | GRIL | buy | $2.480 | long |
2020-10-26 10:32:17 | GRIL | sell | $2.622 | 0 |
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