I took this short trade on the VWAP breakdown. My entry was the first candle to open below VWAP, breaking the previous candle low. My 1R target was not hit was it was just below the $52 whole dollar level, which held.
I did move my stop down to mitigate a possible squeeze which did happen, thus resulting in a break even trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-12-29 10:16:02 | SNAP | sell | $52.450 | short |
2020-12-29 10:21:24 | SNAP | buy | $52.420 | 0 |
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