Took position at EOD as it was closing strong on this 52-week breakout. Risk was a gap down below 61.75, and 61.44 if it opened above. Wanted to give it some room to pull back the first 5 minutes on the open. Thesis was that it would most likely continue the uptrend after some consolidation, and a close above vwap.
Thesis didn't work out.
Lesson: Only hold Day 1 moves overnight, unless it is a stock with a very solid catalyst.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-01-17 15:59:34 | WTW | buy | $61.830 | long |
2018-01-18 09:38:49 | WTW | sell | $61.400 | 0 |
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