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Shared by
thearmotrader

 

BRCM

Jul 26, 2011 10:23


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I talked about this trade here: http://jerrykhachoyan.com/scalping-using-vwap/

-Basically to summarize: Shorted at VWAP, risked 6 ish cents....Covered for average of 32.5 cents....Risk:rew ratio of 1:5 met
-Notice: QUICK scalp- This was NOT meant to be a trend trade as the stock was in a choppy range so I did not expect it to selloff b/c of the very bullish sentiment from the news


Execution detail:

Date/time Symbol Side Price Position
2011-07-26 10:23:47 BRCM sell $38.400 short
2011-07-26 10:25:59 BRCM sell $38.370 short
2011-07-26 10:34:06 BRCM buy $38.100 short
2011-07-26 10:34:41 BRCM buy $38.020 0


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