Shared by
metp2202
Tags:
Cannabis stock, the entire sector is on fire, I was watching TLRY this morning for a 10 AM fuck u shove/ relative weakness vs the overall sector, short play. I started shorting on the lower high forming below vwap at 58, got only some micro size on given the range and my level of conviction wasn't super high. I double up on my position at 56 on the break, got scoop pretty bad and took the loss. Took another small stab at it around 58 when wwe failed again to trade above the 60 mark. this was a mistake I believe, it was way more likely to make a higher low given the structure of the chart. When SPY started to puke I got back in closer at 56, took only some peanuts size which is a shame, I'm not sure why I wasn't more aggressive on that trade because all the checks were aligning for a next leg down. I covered a bunch into 51 and some below 50. Overall poorly manage trade, I would have been way more aggressive and patient with the trade had the SPY didn't influence this POS.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-02-10 10:00:43 | TLRY | -25 | $58.150 | -25 |
| 2021-02-10 10:03:24 | TLRY | -25 | $57.760 | -50 |
| 2021-02-10 10:03:24 | TLRY | -25 | $57.760 | -75 |
| 2021-02-10 10:06:01 | TLRY | -75 | $55.760 | -150 |
| 2021-02-10 10:07:23 | TLRY | 75 | $57.700 | -75 |
| 2021-02-10 10:07:53 | TLRY | 75 | $58.350 | 0 |
| 2021-02-10 10:14:12 | TLRY | -16 | $57.960 | -16 |
| 2021-02-10 10:14:12 | TLRY | -59 | $57.960 | -75 |
| 2021-02-10 10:17:18 | TLRY | 75 | $59.050 | 0 |
| 2021-02-10 10:26:59 | TLRY | -25 | $55.450 | -25 |
| 2021-02-10 10:29:31 | TLRY | -25 | $56.110 | -50 |
| 2021-02-10 10:29:34 | TLRY | -25 | $56.070 | -75 |
| 2021-02-10 10:32:43 | TLRY | 5 | $52.650 | -70 |
| 2021-02-10 10:33:24 | TLRY | 5 | $51.050 | -65 |
| 2021-02-10 10:34:12 | TLRY | 2 | $51.330 | -63 |
| 2021-02-10 10:34:12 | TLRY | 3 | $51.330 | -60 |
| 2021-02-10 10:34:14 | TLRY | 1 | $51.070 | -59 |
| 2021-02-10 10:34:14 | TLRY | 4 | $51.070 | -55 |
| 2021-02-10 10:43:27 | TLRY | 55 | $49.200 | 0 |
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