Shared by
sirajmuhammad
not one of my biggest trades but definitely one of my best. got the 10.7 stuff so I took some. and covered into vwap but the mistake I made was getting back in with initially to much size so I couldn't scale my average like I wanted to around 10.5 now granted into was surely heading lower but I couldn't average down and trade the core cuz at any moment I could have been fucked with any manipulative spike given it was on SSR.
liquidity spikes into vwap kept failing. tape was too heavy so the break was coming anytime but i could short the break down cuz it just hasnt been working for me today and glad i didnt.
-inital scale cant be more the 40% of risk especially if expectations are to trade core once the trade starts working
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-14 10:07:48 | VERU | sell | $10.390 | short |
| 2020-12-14 10:14:18 | VERU | buy | $10.140 | 0 |
| 2020-12-14 10:14:32 | VERU | sell | $9.820 | short |
| 2020-12-14 10:16:42 | VERU | sell | $10.090 | short |
| 2020-12-14 10:19:44 | VERU | sell | $10.470 | short |
| 2020-12-14 10:36:04 | VERU | buy | $9.540 | short |
| 2020-12-14 11:02:35 | VERU | buy | $9.150 | short |
| 2020-12-14 11:15:58 | VERU | sell | $9.360 | short |
| 2020-12-14 11:44:39 | VERU | sell | $9.620 | short |
| 2020-12-14 11:44:39 | VERU | sell | $9.620 | short |
| 2020-12-14 11:48:12 | VERU | buy | $9.450 | short |
| 2020-12-14 11:56:29 | VERU | buy | $9.190 | short |
| 2020-12-14 12:17:59 | VERU | sell | $9.470 | short |
| 2020-12-14 12:19:18 | VERU | sell | $9.510 | short |
| 2020-12-14 12:24:36 | VERU | buy | $9.420 | short |
| 2020-12-14 12:24:36 | VERU | buy | $9.420 | short |
| 2020-12-14 12:27:22 | VERU | buy | $9.450 | short |
| 2020-12-14 12:27:55 | VERU | sell | $9.450 | short |
| 2020-12-14 12:46:14 | VERU | buy | $9.190 | short |
| 2020-12-14 13:22:08 | VERU | buy | $9.100 | short |
| 2020-12-14 13:45:13 | VERU | buy | $8.780 | 0 |
Comments
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Nicely done. Ballzy to add short at 1016 and 1019 as it went higher.