1st Trade:
Shorted $7.50, awaiting a r/g rejection. Added to my position at $8.00, risking $8.15
--> traded according to my initial plan --> ok
--> The stock reclaimed VWAP after a big red candle at the open, which should have been a red flag chasing $7.50. Should have waited for a r/g rejection for a scalp.
--> Traded small size, so adding @ $8.00 is ok, but my STP wasn't a good selection at all.
risk: $38
Avoid chasing the frontside move...
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-11-25 09:32:38 | FCEL | sell | $7.550 | short |
2020-11-25 09:39:59 | FCEL | sell | $7.980 | short |
2020-11-25 09:42:46 | FCEL | buy | $8.145 | 0 |
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