Daily: breakout over downtrend line
Intraday: VWAP bounce
I entered near VWAP anticipating a bounce. I really liked the setup so I kept adding to my position. I scaled out 1/2 on the breakout.
I added again on the pullback to the 9 EMA. Price jumped a lot so I scaled out faster, sold at new high and immediately market-ordered my way out when I saw the hard drop.
The good thing about this trade was that I was aggressive with position size (4x) when I liked what I saw. The not-so-good thing was I had to watch it very closely because of volatility and the size I had.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-02-03 12:11:31 | MYOS | buy | $4.310 | long |
2017-02-03 12:17:51 | MYOS | buy | $4.450 | long |
2017-02-03 12:23:47 | MYOS | buy | $4.550 | long |
2017-02-03 12:31:58 | MYOS | sell | $5.510 | long |
2017-02-03 12:49:04 | MYOS | buy | $5.000 | long |
2017-02-03 13:03:02 | MYOS | sell | $5.750 | long |
2017-02-03 13:03:33 | MYOS | sell | $5.650 | 0 |
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