SLGG Trade on Mar 11, 2021 09:32 from trashtrader: Tradervue User Stock Trades.

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trashtrader

 

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.
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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


Comments

Gravatar Joes_Trading_Shop
2021-03-11 17:21:13
 

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

2021-03-15 16:05:52
 

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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