VWAP Bounce trade. Good entry. Smart to scale out.
Used a 3:1 RR. Sold first share because SPY was uptrending and SPCE wasn't mirroring that.
Although it was holding VWAP, it failed to use VWAP as a launchpad, showing me buyers weren't excited.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-12-04 10:00:06 | SPCE | buy | $28.650 | long |
2020-12-04 10:05:23 | SPCE | sell | $28.600 | long |
2020-12-04 10:10:21 | SPCE | sell | $28.670 | long |
2020-12-04 10:10:44 | SPCE | sell | $28.750 | 0 |
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