XL Trade on Dec 28, 2020 09:37 from Runner73: Tradervue User Stock Trades.

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Runner73

 

$XL was gap up 4% vs RVOL 3.3 with no news vs volume 900K in PM vs Avg ~5M, stock went from $20 to $35 in few days, so I found out few levels for short, by my plan
I need to short the stock below $30.60 (PM level), I was sitting and and watching it, I didn't short it there beacuse was a bit confused with the initial $1 drop, but
I was saying to myself that stock has $3 ATR and I do can jump in short here, but didn't feel comfortable to get in, so I let it go(was angry on myself hh)
also on the way down stock has a level at .50 cents, it retraced to that .50 cents and stopped - but I.... whatever
Stock dropped to $29.38(fuck me dude) bounced of very quickly to $30, (level at $29.5 and at $30), stock running now between .80 cents and .95 cents
now offers at .98 cents - dropped to .93 back to .98 quickly, stock did the same thing a few times-bids stepped above .90 cents I got in long for quick upmove to
$30.50 area, stock came to .30 area - drop bacl down to $30, I threw the offer at .30 cents and wait for it, it jumped back up - I sold it(Jupmed back to $RMG)

Stock has plenty of VWAPs in $31-$31.14 area(VWAPs from tops and bottoms and from PM), stock was struggling a bit at that area so I wasitrd for confirmation where its
going from that point, bids were stucked below $31 but offers stretched to $31.10, in some point stock exploded above $31, offers were taken easily at that levels
so from my point I see no selling pressure from here and looks like stock going through that VWAPs area easily, I took it long, stock very easily went to .34 cents -
back to .15 cents - back to .30 cents - a lot of prints on the offer at .30 cents - jumped to .35 cents, at that point bids dropped heavily to .05 cents, offers stayed around .20 cents -
dropped to .10 cents, bid stuck at $31, stock back to .20 cents ARCA 20K bid at $31.20 - aleared prettu easily - bids at .10 cent, bunch of prints at .10 cents
ARCA 3K at .10 cents eventually taken and dropped, I didn't closed the po because stock bounced off $31 and bids jumped to .08 cents(but I already don't like how its looks)
Think about flipping belo $31, bids dropped to .95 cents and I hit the bid, I was sure that I flipped but hit the wrong hot key, stock dropped to .75 cents -
DRCTEDGE 35K at .75 cents pushed us back up to .85 cents(DRCTEDGE 3K on the offer at $30.85) was taken - stock came to $31 I threw the offer at .97 cents but didn't
get filed, eventually got it at .94 cents, stock printed a lot on the offer at $31 - didn't lift - lifted above $31, offers stopped at .10 cents, bids were at .08
but it looks like a false breakup, bids dropped to .93 cents, bids tried one more time to step above $31- dropped to 95 and from that point you see the drop coming
on the tape, bids going down and offers folowing them, 35K bid at .75 cents was cleared very very quickly, I should add when that .75 dropped but I had level at .65 cents
so I added below, offers jumped to .90 cents - I covered one lot, but now I see that bids at that moment for second went to .80 cents and immediately dropped to .72 cents
but I glad I covered one lot, stock dropped again below .60, it dropped to .42, I threw the order at .57 cents but didn't het filled, so didn't add there(didn't wanna hit .40)
Stock dropped to $30, bounce a bit and dropped back to $30, plenty of bids were cleared at $30, I covered 20 shares at .75 cents
NYSE 8K at .55 cent bid was pushing the bids to to .57-.60-.56-.55.-.57-.55-.56-.55-.60-.70- was in that area a bit - back to .55 cents - cleared the bids - cleared
plenty of bids at .50 cents and dropped, I had a level at $28.48, I covered at .79 cents, stock is a bit spready
Stock retraced a bit, level at $30(plenty of VWAPs above), stock rejected $30 level, came to 29.70(plenty of bids were cleared) - I hit it, but have no idea how that
happend, when I threw bids right after the drop I got filled at .50 cents - stock gumped to .85 cents - I covered(got what deserved)

Stock still looks good for short, I just entered in wrong place, hit it again at .66 cents, stock has a tough time to pass through .20 cents but we made it hh
covered 20 shares at .54 cents ($28.48 level)
LOD was at $28.05 I planned to cover the last piece below that area, covere when stock lost $28 at .93 cents(maybe could waited and cover lower but)

Stock was consolidate around $28 area(above LOD) $27,85 also level from two days ago, VWAP from last sell off at 1pm was around .70 cetns area, bottom of consolidation
was at .50cents, Stock dropped that .50 cents to .30, I threw offers at .48 cents - got filled, LOD $27.05 we broke below heavily I covered 20 shares at .81 cents,
stock came back to .50 cents area, was consolidation below, .30 cents was kinda a little level from the tape, stock lost it - I added, got out the entire pos when stock
reclaimed .50 cents easily
The last two trades were very a good idea but a very poor execution, stock was consolidate below $27.85 area, bids at $27.50 refuses to drop, it was the hell of the level
Instead of shorting it at the bottoms and cover at tops, I need to look at the big picture, long long consolidation below every possible VWAP for 40 min below level,
short must be around tops with stop above the level and add at that .20 damn cents when it finally dropped
Thats all for today


Execution detail:

Date/time Symbol Side Price Position
2020-12-28 09:37:09 XL buy $29.980 long
2020-12-28 09:37:43 XL sell $30.290 0
2020-12-28 10:01:17 XL buy $31.100 long
2020-12-28 10:06:45 XL sell $30.950 0
2020-12-28 10:08:11 XL sell $30.950 short
2020-12-28 10:11:15 XL sell $30.560 short
2020-12-28 10:11:49 XL buy $30.750 short
2020-12-28 10:16:13 XL buy $29.750 short
2020-12-28 10:18:59 XL buy $28.790 0
2020-12-28 12:18:43 XL sell $29.510 short
2020-12-28 12:20:09 XL buy $29.850 0
2020-12-28 12:21:11 XL sell $29.660 short
2020-12-28 12:51:41 XL buy $28.540 short
2020-12-28 12:58:35 XL buy $27.930 0
2020-12-28 13:50:09 XL sell $27.480 short
2020-12-28 13:54:55 XL buy $26.810 short
2020-12-28 14:07:27 XL sell $27.190 short
2020-12-28 14:09:05 XL buy $27.600 0
2020-12-28 14:13:31 XL sell $27.190 short
2020-12-28 14:16:14 XL buy $27.600 0
2020-12-28 14:28:58 XL buy $27.630 long
2020-12-28 14:33:14 XL sell $27.350 0


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