I got in late to my trading desk today, and I decided to take MU around 8:00 AM PST on a fade off VWAP with only 100 shares this time. As was sort of expected in this difficult market, there was only choppiness and I got stopped out. Closed $35.02 net loss
You took a small loss today, which is good. It’s important to keep actively trading for tax purposes, but just keep low position sizes
Ed thinks these first two weeks of the quarter will be the most difficult and it is just going to be a matter of staying in the game until earnings pick up
Got in MRK because it was setting up on 5min, but it was a mistake. This is not a good market to trade in. Stock was not volatile enough and did not profit wide enough profit windows to make the trade worth it.
Closed now $48.05 net loss
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-04-06 11:00:27 | MU | sell | $49.380 | short |
2018-04-06 11:09:40 | MU | buy | $49.630 | 0 |
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