This was a big loss, it was kind of a fomo trade because nothing else was running it looked ok but there was resistance forming at 2.50 and i tried to buy for a vwap bounce through resistance. In hindsight there was too much resistance and it faded, i should have cut it earlier but my stop was the VWAP and i got out after it broke below it. here is my full recap:
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-11-17 10:30:10 | DNK | buy | $2.370 | long |
2020-11-17 10:30:10 | DNK | buy | $2.370 | long |
2020-11-17 10:30:10 | DNK | buy | $2.370 | long |
2020-11-17 10:30:10 | DNK | buy | $2.370 | long |
2020-11-17 10:36:13 | DNK | sell | $2.144 | 0 |
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