Stock gapped down, scaled in long as it raged up into the VWAP. Caught a nice small mean reversion move. This was a great area to short this type of ETF as well. A good short entry would have been as the price cracked the VWAP.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-01-26 09:42:03 | SCO | buy | $191.874 | long |
2016-01-26 09:44:18 | SCO | buy | $190.617 | long |
2016-01-26 09:54:09 | SCO | sell | $193.152 | long |
2016-01-26 09:55:49 | SCO | sell | $191.842 | 0 |
Indeed, looking back at these from last week definitely makes me question myself hahah. Lets see if I can hammer some of these down-gappers this week.
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same feedback as previous trade.