This is a good example of using vwap as risk. I always get chopped out becuase my risk is too small. Look at the 5 min chart. it fucking beatiful. My entry was good. I am not sure what VWAP was at the point, but this would have been a good trade.
Learnings:
1. Don't chase and trade premareket
2. Set risk on VWAP. Yes this will mean smaller share size, but that is okay, but I need to let the trade work out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-12-22 09:24:08 | OCGN | buy | $0.5096 | long |
2020-12-22 09:25:36 | OCGN | sell | $0.4720 | 0 |
2020-12-22 10:03:51 | OCGN | buy | $0.4940 | long |
2020-12-22 10:08:04 | OCGN | buy | $0.5447 | long |
2020-12-22 10:09:15 | OCGN | sell | $0.5629 | long |
2020-12-22 10:15:08 | OCGN | sell | $0.5538 | 0 |
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