Tags:
obvious seller around $12 first 10 mins. Great entry on 4th failed attempt - big stuff by sellers. But I got too comfortable - let my opinion this was an obvious manipulation of micro float Chinese name, which was theme end of week, trump fact it was day 1 and float was just above 1mm shares so only takes 1 person to ramp this up my a$$ which "they" obviously did. Added some back into initial pop to vwap and $10 level. It broke above and hit partial stop; here is where u see my opinion get in way of objectivity; i was so quick to re-add without then putting stop-all in. Next thing i know its at highs into circuit breaker. Good defense on re-open to lighten up some. At that point i'm thinking its going to run premkt high $15.50 so i m layering offers above. It wicks off/fails $15 so add little more and watch price action carefully. For next 15min buyers in control as it flags bouncing off that $12 level and gets tighter. Now i'm convinced its resting for that run at $15.50 so i start scaling out (decided to cover all) to minimize loss and let myself trade that next spike objectively. It then makes its next run at $15 and gets rejected 4 times with big stuff on last attempt and I re-enter (see next trade).
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2020-06-11 09:39:23 | WAFU | -40 | $11.320 | -40 |
2020-06-11 09:39:23 | WAFU | -200 | $11.320 | -240 |
2020-06-11 09:39:24 | WAFU | -51 | $11.320 | -291 |
2020-06-11 09:39:24 | WAFU | -49 | $11.320 | -340 |
2020-06-11 09:39:24 | WAFU | -100 | $11.320 | -440 |
2020-06-11 09:39:29 | WAFU | -92 | $10.500 | -532 |
2020-06-11 09:39:29 | WAFU | -31 | $10.510 | -563 |
2020-06-11 09:39:29 | WAFU | -20 | $10.500 | -583 |
2020-06-11 09:39:29 | WAFU | -39 | $10.500 | -622 |
2020-06-11 09:39:29 | WAFU | -500 | $10.500 | -1122 |
2020-06-11 09:39:29 | WAFU | -50 | $10.500 | -1172 |
2020-06-11 09:39:29 | WAFU | -3 | $10.500 | -1175 |
2020-06-11 09:39:29 | WAFU | -200 | $10.500 | -1375 |
2020-06-11 09:39:29 | WAFU | -20 | $10.500 | -1395 |
2020-06-11 09:39:29 | WAFU | -100 | $10.500 | -1495 |
2020-06-11 09:39:29 | WAFU | -200 | $10.500 | -1695 |
2020-06-11 09:39:29 | WAFU | -583 | $10.500 | -2278 |
2020-06-11 09:39:29 | WAFU | -162 | $10.500 | -2440 |
2020-06-11 09:40:10 | WAFU | -100 | $10.330 | -2540 |
2020-06-11 09:40:10 | WAFU | -100 | $10.380 | -2640 |
2020-06-11 09:40:10 | WAFU | -474 | $10.310 | -3114 |
2020-06-11 09:40:10 | WAFU | -1 | $10.380 | -3115 |
2020-06-11 09:40:10 | WAFU | -200 | $10.310 | -3315 |
2020-06-11 09:40:10 | WAFU | -584 | $10.390 | -3899 |
2020-06-11 09:40:10 | WAFU | -40 | $10.350 | -3939 |
2020-06-11 09:40:10 | WAFU | -53 | $10.350 | -3992 |
2020-06-11 09:40:10 | WAFU | -100 | $10.330 | -4092 |
2020-06-11 09:40:10 | WAFU | -100 | $10.340 | -4192 |
2020-06-11 09:40:10 | WAFU | -100 | $10.330 | -4292 |
2020-06-11 09:40:10 | WAFU | -100 | $10.340 | -4392 |
2020-06-11 09:40:10 | WAFU | -2 | $10.330 | -4394 |
2020-06-11 09:40:10 | WAFU | -5 | $10.320 | -4399 |
2020-06-11 09:40:10 | WAFU | -41 | $10.320 | -4440 |
2020-06-11 09:40:13 | WAFU | -1000 | $9.990 | -5440 |
2020-06-11 09:40:30 | WAFU | -100 | $9.900 | -5540 |
2020-06-11 09:40:30 | WAFU | -100 | $9.900 | -5640 |
2020-06-11 09:40:30 | WAFU | -158 | $9.900 | -5798 |
2020-06-11 09:40:30 | WAFU | -2 | $9.900 | -5800 |
2020-06-11 09:40:30 | WAFU | -100 | $9.900 | -5900 |
2020-06-11 09:40:30 | WAFU | -100 | $9.890 | -6000 |
2020-06-11 09:45:29 | WAFU | 100 | $8.910 | -5900 |
2020-06-11 09:45:29 | WAFU | 300 | $8.910 | -5600 |
2020-06-11 09:45:29 | WAFU | 100 | $8.910 | -5500 |
2020-06-11 09:48:25 | WAFU | 500 | $9.800 | -5000 |
2020-06-11 09:56:45 | WAFU | -500 | $8.970 | -5500 |
2020-06-11 09:58:50 | WAFU | -200 | $8.300 | -5700 |
2020-06-11 09:58:50 | WAFU | -100 | $8.310 | -5800 |
2020-06-11 09:58:50 | WAFU | -67 | $8.270 | -5867 |
2020-06-11 09:58:50 | WAFU | -100 | $8.280 | -5967 |
2020-06-11 09:58:50 | WAFU | -33 | $8.250 | -6000 |
2020-06-11 10:04:18 | WAFU | 100 | $7.710 | -5900 |
2020-06-11 10:04:18 | WAFU | 200 | $7.730 | -5700 |
2020-06-11 10:04:18 | WAFU | 100 | $7.730 | -5600 |
2020-06-11 10:04:18 | WAFU | 100 | $7.740 | -5500 |
2020-06-11 10:18:27 | WAFU | -21 | $9.780 | -5521 |
2020-06-11 10:18:27 | WAFU | -100 | $9.780 | -5621 |
2020-06-11 10:18:27 | WAFU | -79 | $9.780 | -5700 |
2020-06-11 10:18:27 | WAFU | -221 | $9.780 | -5921 |
2020-06-11 10:18:27 | WAFU | -79 | $9.780 | -6000 |
2020-06-11 10:21:21 | WAFU | 9 | $10.700 | -5991 |
2020-06-11 10:21:21 | WAFU | 5 | $10.700 | -5986 |
2020-06-11 10:21:21 | WAFU | 11 | $10.670 | -5975 |
2020-06-11 10:21:21 | WAFU | 89 | $10.690 | -5886 |
2020-06-11 10:21:21 | WAFU | 500 | $10.710 | -5386 |
2020-06-11 10:21:21 | WAFU | 11 | $10.680 | -5375 |
2020-06-11 10:21:21 | WAFU | 5 | $10.700 | -5370 |
2020-06-11 10:21:21 | WAFU | 50 | $10.750 | -5320 |
2020-06-11 10:21:21 | WAFU | 50 | $10.750 | -5270 |
2020-06-11 10:21:21 | WAFU | 1670 | $10.750 | -3600 |
2020-06-11 10:21:21 | WAFU | 200 | $10.750 | -3400 |
2020-06-11 10:21:21 | WAFU | 330 | $10.750 | -3070 |
2020-06-11 10:21:21 | WAFU | 70 | $10.780 | -3000 |
2020-06-11 10:21:50 | WAFU | -100 | $11.190 | -3100 |
2020-06-11 10:21:50 | WAFU | -484 | $11.190 | -3584 |
2020-06-11 10:21:50 | WAFU | -100 | $11.190 | -3684 |
2020-06-11 10:21:50 | WAFU | -100 | $11.190 | -3784 |
2020-06-11 10:21:50 | WAFU | -100 | $11.190 | -3884 |
2020-06-11 10:21:50 | WAFU | -65 | $11.190 | -3949 |
2020-06-11 10:21:51 | WAFU | -35 | $11.190 | -3984 |
2020-06-11 10:21:51 | WAFU | -16 | $11.190 | -4000 |
2020-06-11 10:22:13 | WAFU | -100 | $10.740 | -4100 |
2020-06-11 10:22:13 | WAFU | -100 | $10.740 | -4200 |
2020-06-11 10:22:13 | WAFU | -100 | $10.740 | -4300 |
2020-06-11 10:22:13 | WAFU | -100 | $10.740 | -4400 |
2020-06-11 10:22:13 | WAFU | -100 | $10.740 | -4500 |
2020-06-11 10:22:13 | WAFU | -100 | $10.740 | -4600 |
2020-06-11 10:22:13 | WAFU | -100 | $10.740 | -4700 |
2020-06-11 10:22:13 | WAFU | -100 | $10.740 | -4800 |
2020-06-11 10:22:13 | WAFU | -100 | $10.740 | -4900 |
2020-06-11 10:22:14 | WAFU | -100 | $10.740 | -5000 |
2020-06-11 10:28:17 | WAFU | 1000 | $12.000 | -4000 |
2020-06-11 10:29:02 | WAFU | -100 | $13.840 | -4100 |
2020-06-11 10:29:02 | WAFU | -15 | $13.840 | -4115 |
2020-06-11 10:29:02 | WAFU | -100 | $13.850 | -4215 |
2020-06-11 10:29:02 | WAFU | -200 | $13.860 | -4415 |
2020-06-11 10:29:02 | WAFU | -200 | $13.820 | -4615 |
2020-06-11 10:29:02 | WAFU | -100 | $13.840 | -4715 |
2020-06-11 10:29:02 | WAFU | -85 | $13.840 | -4800 |
2020-06-11 10:29:02 | WAFU | -100 | $13.830 | -4900 |
2020-06-11 10:29:02 | WAFU | -100 | $13.830 | -5000 |
2020-06-11 10:34:12 | WAFU | 100 | $13.230 | -4900 |
2020-06-11 10:34:12 | WAFU | 107 | $13.260 | -4793 |
2020-06-11 10:34:12 | WAFU | 400 | $13.240 | -4393 |
2020-06-11 10:34:12 | WAFU | 300 | $13.230 | -4093 |
2020-06-11 10:34:12 | WAFU | 89 | $13.230 | -4004 |
2020-06-11 10:34:12 | WAFU | 100 | $13.250 | -3904 |
2020-06-11 10:34:12 | WAFU | 6 | $13.250 | -3898 |
2020-06-11 10:34:12 | WAFU | 200 | $13.250 | -3698 |
2020-06-11 10:34:12 | WAFU | 100 | $13.250 | -3598 |
2020-06-11 10:34:12 | WAFU | 400 | $13.250 | -3198 |
2020-06-11 10:34:12 | WAFU | 100 | $13.260 | -3098 |
2020-06-11 10:34:12 | WAFU | 98 | $13.260 | -3000 |
2020-06-11 10:35:04 | WAFU | 1000 | $14.100 | -2000 |
2020-06-11 10:37:08 | WAFU | 100 | $12.860 | -1900 |
2020-06-11 10:37:08 | WAFU | 100 | $12.860 | -1800 |
2020-06-11 10:37:08 | WAFU | 300 | $12.860 | -1500 |
2020-06-11 10:37:30 | WAFU | 35 | $13.820 | -1465 |
2020-06-11 10:37:30 | WAFU | 38 | $13.800 | -1427 |
2020-06-11 10:37:30 | WAFU | 100 | $13.780 | -1327 |
2020-06-11 10:37:30 | WAFU | 3 | $13.860 | -1324 |
2020-06-11 10:37:30 | WAFU | 200 | $13.830 | -1124 |
2020-06-11 10:37:30 | WAFU | 124 | $13.810 | -1000 |
2020-06-11 10:39:58 | WAFU | 50 | $13.160 | -950 |
2020-06-11 10:39:58 | WAFU | 200 | $13.140 | -750 |
2020-06-11 10:39:58 | WAFU | 250 | $13.150 | -500 |
2020-06-11 10:40:10 | WAFU | 500 | $13.680 | 0 |
everyone gets burned in this game. I get burned a lot on low price, low float names a lot. Only thing we can do is try and learn from it and be a little better the next time a similar trade comes around.
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Relieved (I guess?) to see that even seasoned traders got burned on this one, like I did. I was up but then stuffed up right at the end.