entered on a 3 candle pullback but it formed above vwap. I should have waited since most stocks will come back to test vwap which is what this one did and I got stopped out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-12-09 11:07:52 | RH | buy | $32.500 | long |
2016-12-09 11:12:40 | RH | sell | $32.300 | 0 |
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Stock didn't get to vwap yet. Remember it's perfectly normal for things to wick the vwap then bounce. Either have a more generous stop or re hit it if it mounts/bounces the vwap