{"id":19400,"date":"2012-06-13T12:14:08","date_gmt":"2012-06-13T16:14:08","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=19400"},"modified":"2012-06-13T12:14:08","modified_gmt":"2012-06-13T16:14:08","slug":"a-2-day-vwap-trade-cnc","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/a-2-day-vwap-trade-cnc","title":{"rendered":"A 2 Day VWAP Trade (CNC)"},"content":{"rendered":"<p>During a daily review an SMB Trader wrote this about his trading in CNC:<\/p>\n<blockquote><p>CNC  pulled back to 2 day VWAP and break out area from yesterday. \u00a0Waited  for break in intraday downtrend to get into this stock. \u00a0When it began  to hold above .70 I was up to 1,200 shares from .72. \u00a0Was waiting for  the push through .80 to feel comfortable in this for trade2hold. \u00a0.80  lifted and then failed so I took off one third at .79 and then got  stopped out of rest below .70. \u00a0I got back in lighter above .80 later  and started to build up when CNC held 27.00 bid for first times. \u00a0I got  out in the .90s and .80 when this level failed too. \u00a0This play had a lot  of upside and I barely lost anything in this so I can\u2019t complain.<\/p><\/blockquote>\n<p>I responded:<\/p>\n<p>I don&#8217;t like this trade.<br \/>\n1) overall CNC was down a ton yesterday<br \/>\n2) 28 sold the crap out of it into the close on Monday.<br \/>\nI get you guys like the 2 day vwap play but i dont like this subset of that play for the reasons above. \u00a0thoughts?<\/p>\n<p>I then shared my thoughts of this trade with Shark, a more experienced trader.\u00a0 He responded:<\/p>\n<blockquote><p>I am not as big of an advocate of the two day v wap as a lot of the  other ppl chirping it all the time.. but I think that this trade makes a  lot of sense for a lot of reasons&#8230; This is into the big support zone  from the prior day&#8230; The stock pulled in and started to break the  downtrend and the tape changes at this level&#8230; The two day v wap means  this is the average price of the stock since the gap down and a place  where longs might try to defend their positions&#8230; It&#8217;s a long way to 28  means that even if sellers do step in there is still decent upside.. \u00a0However  for me it&#8217;s not a big long until it gets back above 27.. And I think we  were all overly aggressive until it is back above the v wap for the day  and the v wap flattened out and turned higher. \u00a0It was still a weak  stock on tr day until it held higher and should have been no more then  tier 1 .<\/p><\/blockquote>\n<p>What are your thoughts on this 2 Day VWAP trade?<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/06\/CNC.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-19402\" title=\"CNC\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/06\/CNC.bmp\" alt=\"\" width=\"572\" height=\"424\" \/><\/a><\/p>\n<p>Bella<\/p>\n<p><a href=\"http:\/\/www.amazon.com\/One-Good-Trade-Competitive-Proprietary\/dp\/0470529407\/ref=sr_1_sc_1?s=books&amp;ie=UTF8&amp;qid=1327586891&amp;sr=1-1-spell#reader_0470529407\">One Good Trade<\/a><\/p>\n<p><a href=\"http:\/\/twitter.com\/smbcapital\"><img decoding=\"async\" src=\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\" alt=\"\" \/><\/a><\/p>\n<p>no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>During a daily review an SMB Trader wrote this about his trading in CNC: CNC pulled back to 2 day VWAP and break out area from yesterday. \u00a0Waited for break in intraday downtrend to get into this stock. \u00a0When it began to hold above .70 I was up to 1,200 shares from .72. \u00a0Was waiting for the push through .80 &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/a-2-day-vwap-trade-cnc\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[162,4674,30,50,1193,653,301,1996,1354,1989,1349],"class_list":["post-19400","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","tag-day-trading-blog","tag-one-good-trade","tag-prop-trading","tag-proprietary-trading","tag-trader-education","tag-trader-training","tag-trading-blog","tag-trading-class","tag-trading-coach","tag-trading-course","tag-trading-mentor","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A 2 Day VWAP Trade (CNC) | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/a-2-day-vwap-trade-cnc\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A 2 Day VWAP Trade (CNC) | SMB Training\" \/>\n<meta property=\"og:description\" content=\"During a daily review an SMB Trader wrote this about his trading in CNC: CNC pulled back to 2 day VWAP and break out area from yesterday. \u00a0Waited for break in intraday downtrend to get into this stock. \u00a0When it began to hold above .70 I was up to 1,200 shares from .72. \u00a0Was waiting for the push through .80 ... 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