One of our strategies includes shorting stocks that are overextended and a large distance from VWAP. After 3 o’clock, stocks are less likely to reverse and we do not look for these shorts. Today, VERU gave a great buying opportunity as it broke out of $13 after 3.
Another slow morning but found this gem of a setup on EVTL. Rejecting $12 and holding below $11.50. Covering pieces on puke down while adding back near vwap and covering full position near $9.25 avoiding the late day retest of highs. #stockstraders#patienceisprogress#Stocks
Quiet day but LYRA short late in day after failing break at $8 and $7.50 holding as resistance. Covered pieces on puke lower below vwap and adding back around $7 on retest. Hoped for larger move but still a quality trade. #stockstotrade#stocks#patiencepays
@CiocanaTrader I’ve never been a fan of sterling, always had issues with slow quotes near the open and close, filters are pretty much useless if you need to customize them. I’m using a convo of takion and esignal… I like takions speed and filters but their charts are garbage