Another trade I should have passed on. Stock had zero juice today. I went long 100 shares at 51.35 when I thought the stock may go red to green. It didn't and began consolidating above the VWAP for most of the day. I exited at 51.13. I should have exited a lot sooner as it was tying up buying power and was showing no real set-up.
Execution detail:
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A red to green move would not trigger until about 52.30 ish. It's about going higher than yesterdays close, not just about going higher than todays entry.