It was a consolidation play for me. There was a big seller at the morning, the stock held under the VWAP, so I decided to short it with a stop above the VWAP. After a flush I've sold it. I should reshort it on a pullback, but I was afraid of a reversal move.
Gain in %: 2.5%. Buying power used: $3097.
Risk/reward: 1/3
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-01-12 13:28:26 | AKRX | sell | $30.970 | short |
2016-01-12 14:17:49 | AKRX | buy | $30.200 | 0 |
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