Webull Day Trade: Aurora Cannabis Inc ACB Stock: Risk Management, VWAP Indicator

Hello everyone & bots, still sorry for no audio, there will be audio soon, i promise.

This one hurts.

BREAKDOWN:

$40 LOSS (2% on a $2,245 position) in 15 seconds

Anticipated the bounce off VWAP due to an increase in momentum and volatility as well as the chart pattern.

Entered at $9 because I was purchasing on a 5 minute pullback into an area that showed enough support.

Luckily, Risk Management kicked in and stopped me out, because the stock continued to sell off.

Later in the day, I saw it had moved up to $12+

No longer wished to trade it, for it was far too “whippy”

Boy oh boy, cannabis stocks can be ruthless.

Reach out to me &
Good luck to you all stay blessed

#webull​ #daytrading​ #stocks

Posted in Stocks & Trading