Although this was a winning trade, it was over extended. For the amount the price moved, it needed a bigger and longer pullback, preferably to the VWAP to be considered for an entry. I did time this one out correctly and held until it hit my first target, but the setup was still over extended and that is breaking one of my rules so I have to say this was a bad setup.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-06-08 10:27:34 | VRX | buy | $13.080 | long |
2017-06-08 10:27:40 | VRX | buy | $13.100 | long |
2017-06-08 10:27:44 | VRX | buy | $13.100 | long |
2017-06-08 10:45:25 | VRX | sell | $13.270 | long |
2017-06-08 10:46:04 | VRX | sell | $13.261 | long |
2017-06-08 10:47:22 | VRX | sell | $13.330 | long |
2017-06-08 10:49:59 | VRX | sell | $13.220 | 0 |
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