Once the top was set I felt comfortable to short a bounce above VWAP with potential adds at 2.50 and 2.70, risking $2.81.
--> Great thesis and good trade. You need to add every 10 cents, so my early cover is worth the risk. My cover was pretty good: Covering at VWAP = Covering at first support --> a bounce is very likely: You can always short again
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-12-29 10:20:24 | TENX | sell | $2.390 | short |
2020-12-29 10:21:43 | TENX | sell | $2.490 | short |
2020-12-29 10:29:39 | TENX | buy | $2.400 | 0 |
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