Loss -1R.
I sold short, because the price was under all MA-s intraday and only holding VWAP. Several strong stocks were breaking down around 1:40 p.m. and I was expecting this to follow aswell.
I should've scaled into this trade. I would've gotten a lot better price at $19.44 later.
When I was in the trade, I thought of exiting, but I decided to hold until I get stopped out or I have a 2R profit, because this is what I have decided to do with all my trades now.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-07 13:49:00 | ASPS | sell | $19.330 | short |
2015-04-07 14:05:00 | ASPS | buy | $19.530 | 0 |
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