AMD was too choppy by then and there was some support at .90 we wanted to use for a breakdown. AMD was just sitting at VWAP and market weakening.
There was just too much hesitation. Fight between buying/selling.
.90 dropped, lifted, dropped. It took too long to eventually resolve. Nothing you want to see in this setup.
NOt worth the shot when it looks like this. You want to see a clean break of support in a momentum run from higher. Either use the crack then or wait for a pullback towards the Level/VWAP for an entry like it did on retest of .89 minutes later.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-02-07 10:52:00 | AMD | sell | $22.890 | short |
2019-02-07 10:52:00 | AMD | buy | $22.920 | 0 |
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