I feel like I over traded this today as I made a later trade at the end of day as well. I shorted this on break of trendline for a pullback to VWAP due to time of day and it had not made a deeper pullback yet. I did not get a flush due to lower liquidity and ended watching the position most of the morning.
I got a reminder that the VWAP is often an area, not every stock will pull all the way back to VWAP. I finally got the flush down to VWAP and scaled out. I believe I got greedy when I should have taken full profits as a lot of my mental capital was diminished. I left a $100 on the table by not taking profits. I need to remember to take profits quickly when trading countertrend.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-04-27 11:48:36 | UCTT | sell | $19.810 | short |
2017-04-27 13:05:30 | UCTT | buy | $19.540 | short |
2017-04-27 13:27:04 | UCTT | buy | $19.720 | 0 |
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