AMZN held it down for me today. The stock gapped down at the open and I shorted once it had a small pop into the VWAP & 9 EMA area. Placed my stop slightly above the 20 EMA. Covered once I had some small gains because I had lost so much on GOOG prior to this trade. It ended up flagging which would have made me really anxious to sell since it was looking kind of a bull flag.
I need to learn when a trade is worth taking. It was still $2 away from the VWAP when I had shorted it. Not a good idea to get in too early because with this wide range you could get stopped out quickly.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-01-20 10:10:45 | AMZN | sell | $554.040 | short |
2016-01-20 10:14:00 | AMZN | buy | $552.090 | short |
2016-01-20 10:18:17 | AMZN | buy | $551.210 | short |
2016-01-20 10:18:41 | AMZN | buy | $551.620 | 0 |
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Nice entry on the pullback.