This was a opening range break down. It had already started selling off pretty good just before open. It still showed weakness at open, I had all the averages and vwap just above so my risk was small. I took some covers at key levels, once it came back up to my break even I decided to take it all off.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-03-11 09:32:00 | SLGG | sell | $6.520 | short |
2021-03-11 09:36:00 | SLGG | buy | $6.370 | short |
2021-03-11 09:36:00 | SLGG | buy | $6.370 | short |
2021-03-11 09:36:00 | SLGG | buy | $6.390 | short |
2021-03-11 09:38:00 | SLGG | buy | $6.270 | short |
2021-03-11 09:38:00 | SLGG | buy | $6.240 | short |
2021-03-11 09:41:00 | SLGG | buy | $6.500 | 0 |
Yes, my risk 6.80 which was just above vwap and opening HOd not pre-market high. It basically was a 5 minute ORB I just got in slightly ahead of the second 5min candle.
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Hi, were you risking the opening HOD? Its hard for me to short with confidence stocks breaking down right at the open under vwap. It totally makes sense technically, but so many times if they hold any price level for a minute or two they can rip...which has happened to me so many times that I have a hard time shorting into weakness