Gapped down pre-market and began filling the gap throughout the morning. As it was hitting its red to green level and the price resistance area on my chart I should have been entering a short position. Instead, I chased my entry below the bear flag and covered my first set of shares as it neared the VWAP. When it bounced off the VWAP and pulled back to the 9 EMA, I entered in another short position. I covered my shares near the VWAP and as the stock broke down below the VWAP. When the stock began basing above the VWAP and breaking the 9 EMA I covered up the rest of my shares.
Execution detail:
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