Shared by
RobEsposito20
Float - 190M, FS% - 4.10%, ATR - 1.00, AVOL - 2.62M, RVOL - 4.35
Really great trade in COMM I saw well. My first entry was the VWAP failure. This was the first test of VWAP outside price discovery which gave me confidence. The stock briefly got above VWAP but failed right into a key daily level around 36.10. The stock quickly dropped below VWAP. I got short when the trend line broke though when reviewing this trade I was about .10 cents late. I sold around +.30 cents to cover my risk. I was a bit impatient as I had intended to hold to lows and didn't.
2nd Entry - Break to new lows
Once COMM broke to new lows and held lower I took a short on the bounce back into the break down level. It was getting close to the end of the day so I was just looking to scalp this and make a little bit. Overall, good entry and decent trade management.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-07-12 13:36:46 | COMM | sell | $35.820 | short |
| 2017-07-12 14:00:57 | COMM | buy | $35.530 | short |
| 2017-07-12 14:02:37 | COMM | buy | $35.400 | 0 |
| 2017-07-12 14:48:36 | COMM | sell | $35.060 | short |
| 2017-07-12 14:50:25 | COMM | buy | $35.140 | 0 |
| 2017-07-12 14:51:25 | COMM | sell | $35.070 | short |
| 2017-07-12 14:51:25 | COMM | sell | $35.070 | short |
| 2017-07-12 14:58:52 | COMM | buy | $34.940 | short |
| 2017-07-12 15:05:00 | COMM | buy | $34.730 | 0 |
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