I tried to take one more trade for consolidation play, but I was wrong. And I want to understand why.
I entered when it broke down a VWAP on a volume.
Loss at %: 0.6%
I've learned one more time to put tight stop losses. Because today I didn't made them tight enough. And if I were wrong today after a spike at 2:00PM, I could cover a big loss. But the price came back as I supposed.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-01-12 13:36:03 | GME | sell | $27.410 | short |
2016-01-12 14:56:00 | GME | buy | $27.580 | 0 |
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