I shorted this too aggressively with too much size. The better trade would have waited for a possible VWAP retest and then short from there. I chased and paid the price.
This was a messy chart today in any case. The real fade never happened and it ramped up to mid 8s.
Best to avoid oil/energy related stocks. There are too many unseen variables and highly politicized etc. etc.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-03-02 10:16:29 | MRO | sell | $8.150 | short |
2016-03-02 10:26:12 | MRO | buy | $8.210 | short |
2016-03-02 10:26:12 | MRO | buy | $8.210 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!