Shared by
lafljm_Bows
Had originally played the short squeeze on the second green candle around 12:15 but spooked myself out of the trade. After trying to short this at the 20ema and getting stopped out I bought in immediately at the second test of the 20ema and for the down-trend was definitely broken. I sold just before the tap of the vwap and would like to say I should have held some for lottery but I have a hard time doing that just yet due to my lack of experience. Yes it did flag but I was worried it was going whip right back at me. Still really happy wiht this trade!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-15 13:12:41 | VEEV | buy | $29.800 | long |
| 2014-01-15 13:12:57 | VEEV | buy | $29.770 | long |
| 2014-01-15 13:12:57 | VEEV | buy | $29.740 | long |
| 2014-01-15 13:13:04 | VEEV | buy | $29.770 | long |
| 2014-01-15 13:28:37 | VEEV | sell | $30.500 | long |
| 2014-01-15 13:28:38 | VEEV | sell | $30.500 | long |
| 2014-01-15 13:28:38 | VEEV | sell | $30.500 | long |
| 2014-01-15 13:28:38 | VEEV | sell | $30.500 | 0 |
Comments
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It rode the 9 EMA until it tested and broke the VWAP. If the 9 EMA had been shaky that would have indicated weakness to me. You can always scale out the position if holding it all makes you uncomfortable.