This stock gapped down and went red to green. As it bounced into the VWAP around 10:25 it should have been a short opportunity, not a long. I must have been chasing unicorns that weren't even there on this one. Definitely not a long, this stock looked like it was barely a day away from being a rubber band snap back on the daily chart.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-01-21 10:22:53 | UVXY | buy | $51.250 | long |
2016-01-21 10:26:17 | UVXY | buy | $51.110 | long |
2016-01-21 10:28:39 | UVXY | sell | $50.180 | 0 |
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