This chart actually performed a nice 3 wave reversal, however I cut my losses to quickly because I had been burnt yesterday and today with stocks just dumping on me once the obvious level broke.
I was buying the VWAP bounce and then was hoping to sell at the day high. This plan worked eventually but I sold too soon.
I was risking like 2 cents to make 50 cents. I think the risk was too tight, but I am happy with this strategy.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-04-07 10:07:20 | XL | buy | $10.020 | long |
2021-04-07 10:10:55 | XL | sell | $9.950 | 0 |
2021-04-07 10:16:33 | XL | buy | $10.500 | long |
2021-04-07 10:27:17 | XL | sell | $10.250 | 0 |
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