I had been watching WYY for a bounce on the daily. When it opened soft, I decided to take a quick scalp short. When it consolidated to the VWAP and 9 EMA and began to drop I shorted with the VWAP as my stop. It recovered from its sharp drop very quickly, and mildly bounced which stopped me out. I had a very tight stop on this, so loss was minimal. This stock ended up doing nothing at all for the entire day.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-29 09:58:54 | WYY | sell | $1.490 | short |
2014-01-29 10:12:20 | WYY | buy | $1.520 | 0 |
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