SPY pulls back to recent consolidation level
RKT - 3rd day after earnings - strong sell off - opens near ATL
Entry on lower high (pull back)
Tried to anticipate a good entry near VWAP and structure near 17.40. Less volume on buyers side let me guess, price would go further down again. PT = intraday-low. Unfortunately more buyers stepped in and pushed above VWAP.
Actually I didn't want to trade 3rd pullbacks. That's why... no points for me this time.
0/10
- I shouldn't enter this type of trade
- I could have waited to see if price holds above VWAP or goes down again
- previous lower highs were nearer to VWAP as my entry.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-05-10 10:50:00 | RKT | sell | $17.410 | short |
2021-05-10 11:05:00 | RKT | buy | $17.560 | 0 |
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