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EA reported yesterday and the result was very negative. I had the idea that if it showed weakness off the open, I would look for places to get short. It did and I wanted to short from VWAP, but I had a sloppy sloppy entry, about 35 cents lower than ideal. This increased the risk on the trade greatly, but it didn't really matter because it quickly worked. I covered the first 30% in 10 share lots up to a dollar lower. I continued to take profits in the half dollar increment areas. Since this was still very early in the morning, I tend to draw hard lines and when trades cross them, just cut it and take profits. That happened when I had 30% left and price wicked above 114 and the previous minute bar high, at which point I fully closed for a really nice trade.
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2023-02-01 09:34:13 | EA | -100 | $115.385 | -100 |
2023-02-01 09:35:51 | EA | 10 | $114.610 | -90 |
2023-02-01 09:36:12 | EA | 10 | $114.550 | -80 |
2023-02-01 09:38:10 | EA | 10 | $114.350 | -70 |
2023-02-01 09:39:11 | EA | 10 | $114.110 | -60 |
2023-02-01 09:39:16 | EA | 10 | $114.010 | -50 |
2023-02-01 09:40:00 | EA | 5 | $113.950 | -45 |
2023-02-01 09:40:35 | EA | 5 | $113.550 | -40 |
2023-02-01 09:40:43 | EA | 5 | $113.530 | -35 |
2023-02-01 09:42:00 | EA | 5 | $113.530 | -30 |
2023-02-01 09:43:01 | EA | 30 | $114.095 | 0 |
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