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Lenny

Uber short (March 27)

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Dear all,

My question is with regard to my second trade at 09:47. Uber was already down around 8% for the day.


How would you rate this trade or what would you considerations be?

 

UBER.png.e91e317e86d6048d65b0d529bdb5ed18.png

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4 hours ago, Lenny said:

Dear all,

My question is with regard to my second trade at 09:47. Uber was already down around 8% for the day.


How would you rate this trade or what would you considerations be?

 

UBER.png.e91e317e86d6048d65b0d529bdb5ed18.png

For your firs trade it wasn't exactly a bad idea to go long there. It did break and the close above the VWAP on the 5 and 6 min. That being said, I'm always hesitant to go long or short the opposite way of the pre-market. Also, what was your stop loss? Seems very far away. Probably should have been just below VWAP.

For your second... Seems like a good entry to me. It's a bit extended, but you waited for a pull back which is good.

Edited by Justin
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