As none of my shorts on big gap downs were working this morning, I was thinking this may gap then fade since it couldn't break back over the VWAP. Waited for confirmation that the VWAP was going to hold then I shorted it. Didn't go...looking back the daily was too strong to short it.
Execution detail:
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If you do want to short, short it while it's basing so that you have a predefined stop level with minimal loss potential.