I was waiting for the stock to break its downward trend for an entry. The ideal entry was when the 20 EMA held around 60.50, anticipating a break of the trend line. I waited a bit to long and entered 200 shares at 61.11 as it broke above the VWAP. I held on as it consolidated below the VWAP for the next hour. I should have been selling half of my position when it broke back above the VWAP but I was waiting for it to get closer to its HOD. I was using a mental stop of around 60.60 but sold my position at 60.71 when it broke back below the VWAP thinking it was going to start fading. If anything I should have placed a hard stop at my entry price after it broke back above the VWAP to turn into a no lose trade.
Execution detail:
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