My strategy does not work very well when I short stocks above the VWAP.
With that being said, my friend turned his short into a long, and it paid off.
Lesson:
1.) You can flip your short into a long when the price action tells you to
edit: Look at the daily. I tried shorting the $1.00 break again the next day, but I could not pull the trigger.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-07-06 13:54:00 | CERC | sell | $1.020 | short |
2017-07-06 14:00:00 | CERC | sell | $1.000 | short |
2017-07-06 14:10:00 | CERC | buy | $1.050 | 0 |
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