Uber short (March 27)

[Lenny 2]

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?

 

[Justin 264]

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?

 

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 March 27, 2020 by Justin