Shared by
JamesDover_BOWS
This stock needed to pull back on the daily, and Kunal gave me the idea to short it at the VWAP. After that VWAP class I see more stocks that find a strong level there at midday and end of day. So my first short was stopped out, but I had small size and a good stop that kicked in. Remounted when I saw it was just a random spike. Finally I was able to cover my risk, but then got stopped out at my buy price. There was a potential remount in this later, but I had blown my mental capital at that point.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-04-13 11:56:37 | NUGT | sell | $81.980 | short |
| 2016-04-13 11:57:29 | NUGT | buy | $82.400 | 0 |
| 2016-04-13 12:02:56 | NUGT | sell | $81.810 | short |
| 2016-04-13 12:44:57 | NUGT | buy | $81.010 | short |
| 2016-04-13 12:51:11 | NUGT | buy | $81.870 | 0 |
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