Shared by
metp2202
Tags:
Running with the cannabis names, once the SPY started to puke I got really aggressive on this one as i believed that it was one of the weakest name fundamentally in the weed sector, got short 5k shares around 5.63, I thought that it was a bit too much as I wanted to risk off of the 5.8-9 level so I took 3500 off to keep a smaller position. I slammed the break of 5.6 and got up to 7.5 k shares, the timing was perfect, I started covering into the wash but then SPY started reversing and this one bounced quite a bit into 5.6. I didn't expect that, i thought it was showing relative strength vs TLRY and the other weed names so I puked all my position for a loss. Pretty lame looking at the chart now, my exit was a fucking top tick. Few lessons that I've learned from this sucker: when a stock is trading with the overall market, I don't have much edge, why not trading the SPY instead of this one? I prob could have gave myself slightly more room since the spy was still technically weak (that's hindsight of course). Tomorrow this name will be super interesting, hopefully the market won't influence too much.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-02-10 10:27:19 | OGI | -300 | $5.630 | -300 |
| 2021-02-10 10:27:19 | OGI | -200 | $5.630 | -500 |
| 2021-02-10 10:27:19 | OGI | -800 | $5.630 | -1300 |
| 2021-02-10 10:27:19 | OGI | -3100 | $5.630 | -4400 |
| 2021-02-10 10:27:19 | OGI | -100 | $5.630 | -4500 |
| 2021-02-10 10:27:19 | OGI | -200 | $5.630 | -4700 |
| 2021-02-10 10:27:19 | OGI | -300 | $5.630 | -5000 |
| 2021-02-10 10:27:58 | OGI | 100 | $5.690 | -4900 |
| 2021-02-10 10:27:58 | OGI | 100 | $5.690 | -4800 |
| 2021-02-10 10:27:58 | OGI | 100 | $5.690 | -4700 |
| 2021-02-10 10:27:58 | OGI | 100 | $5.690 | -4600 |
| 2021-02-10 10:27:58 | OGI | 100 | $5.690 | -4500 |
| 2021-02-10 10:27:58 | OGI | 100 | $5.690 | -4400 |
| 2021-02-10 10:27:58 | OGI | 100 | $5.690 | -4300 |
| 2021-02-10 10:27:58 | OGI | 100 | $5.690 | -4200 |
| 2021-02-10 10:27:58 | OGI | 100 | $5.690 | -4100 |
| 2021-02-10 10:27:58 | OGI | 100 | $5.690 | -4000 |
| 2021-02-10 10:27:58 | OGI | 100 | $5.690 | -3900 |
| 2021-02-10 10:27:58 | OGI | 100 | $5.690 | -3800 |
| 2021-02-10 10:27:58 | OGI | 100 | $5.690 | -3700 |
| 2021-02-10 10:27:58 | OGI | 200 | $5.690 | -3500 |
| 2021-02-10 10:27:58 | OGI | 1300 | $5.690 | -2200 |
| 2021-02-10 10:27:58 | OGI | 100 | $5.690 | -2100 |
| 2021-02-10 10:27:58 | OGI | 100 | $5.690 | -2000 |
| 2021-02-10 10:27:58 | OGI | 100 | $5.690 | -1900 |
| 2021-02-10 10:27:58 | OGI | 100 | $5.690 | -1800 |
| 2021-02-10 10:27:58 | OGI | 100 | $5.690 | -1700 |
| 2021-02-10 10:27:58 | OGI | 100 | $5.690 | -1600 |
| 2021-02-10 10:27:58 | OGI | 100 | $5.690 | -1500 |
| 2021-02-10 10:30:06 | OGI | -100 | $5.610 | -1600 |
| 2021-02-10 10:30:06 | OGI | -100 | $5.610 | -1700 |
| 2021-02-10 10:30:06 | OGI | -100 | $5.610 | -1800 |
| 2021-02-10 10:30:06 | OGI | -100 | $5.610 | -1900 |
| 2021-02-10 10:30:06 | OGI | -100 | $5.610 | -2000 |
| 2021-02-10 10:30:06 | OGI | -100 | $5.610 | -2100 |
| 2021-02-10 10:30:06 | OGI | -24 | $5.610 | -2124 |
| 2021-02-10 10:30:06 | OGI | -76 | $5.610 | -2200 |
| 2021-02-10 10:30:06 | OGI | -100 | $5.610 | -2300 |
| 2021-02-10 10:30:06 | OGI | -100 | $5.610 | -2400 |
| 2021-02-10 10:30:06 | OGI | -100 | $5.610 | -2500 |
| 2021-02-10 10:30:06 | OGI | -500 | $5.610 | -3000 |
| 2021-02-10 10:30:06 | OGI | -100 | $5.612 | -3100 |
| 2021-02-10 10:30:06 | OGI | -100 | $5.615 | -3200 |
| 2021-02-10 10:30:06 | OGI | -100 | $5.615 | -3300 |
| 2021-02-10 10:30:06 | OGI | -200 | $5.615 | -3500 |
| 2021-02-10 10:30:06 | OGI | -100 | $5.615 | -3600 |
| 2021-02-10 10:30:06 | OGI | -100 | $5.615 | -3700 |
| 2021-02-10 10:30:06 | OGI | -100 | $5.612 | -3800 |
| 2021-02-10 10:30:06 | OGI | -200 | $5.615 | -4000 |
| 2021-02-10 10:30:06 | OGI | -100 | $5.615 | -4100 |
| 2021-02-10 10:30:06 | OGI | -200 | $5.615 | -4300 |
| 2021-02-10 10:30:06 | OGI | -100 | $5.615 | -4400 |
| 2021-02-10 10:30:06 | OGI | -100 | $5.615 | -4500 |
| 2021-02-10 10:30:08 | OGI | -100 | $5.590 | -4600 |
| 2021-02-10 10:30:08 | OGI | -700 | $5.590 | -5300 |
| 2021-02-10 10:30:08 | OGI | -100 | $5.595 | -5400 |
| 2021-02-10 10:30:08 | OGI | -300 | $5.590 | -5700 |
| 2021-02-10 10:30:08 | OGI | -100 | $5.590 | -5800 |
| 2021-02-10 10:30:55 | OGI | -500 | $5.550 | -6300 |
| 2021-02-10 10:30:55 | OGI | -200 | $5.550 | -6500 |
| 2021-02-10 10:30:55 | OGI | -800 | $5.550 | -7300 |
| 2021-02-10 10:30:56 | OGI | -100 | $5.550 | -7400 |
| 2021-02-10 10:30:56 | OGI | -100 | $5.550 | -7500 |
| 2021-02-10 10:30:56 | OGI | -150 | $5.550 | -7650 |
| 2021-02-10 10:31:54 | OGI | 100 | $5.510 | -7550 |
| 2021-02-10 10:32:23 | OGI | 100 | $5.470 | -7450 |
| 2021-02-10 10:32:26 | OGI | 100 | $5.490 | -7350 |
| 2021-02-10 10:32:32 | OGI | 100 | $5.460 | -7250 |
| 2021-02-10 10:33:01 | OGI | 100 | $5.480 | -7150 |
| 2021-02-10 10:33:28 | OGI | 100 | $5.390 | -7050 |
| 2021-02-10 10:33:28 | OGI | 100 | $5.390 | -6950 |
| 2021-02-10 10:33:28 | OGI | 100 | $5.390 | -6850 |
| 2021-02-10 10:34:08 | OGI | 100 | $5.370 | -6750 |
| 2021-02-10 10:34:08 | OGI | 100 | $5.370 | -6650 |
| 2021-02-10 10:34:10 | OGI | 100 | $5.350 | -6550 |
| 2021-02-10 10:34:10 | OGI | 100 | $5.350 | -6450 |
| 2021-02-10 10:34:10 | OGI | 100 | $5.350 | -6350 |
| 2021-02-10 10:36:18 | OGI | 300 | $5.650 | -6050 |
| 2021-02-10 10:36:18 | OGI | 500 | $5.650 | -5550 |
| 2021-02-10 10:36:18 | OGI | 100 | $5.650 | -5450 |
| 2021-02-10 10:36:18 | OGI | 209 | $5.650 | -5241 |
| 2021-02-10 10:36:18 | OGI | 100 | $5.650 | -5141 |
| 2021-02-10 10:36:18 | OGI | 100 | $5.650 | -5041 |
| 2021-02-10 10:36:18 | OGI | 100 | $5.650 | -4941 |
| 2021-02-10 10:36:18 | OGI | 200 | $5.650 | -4741 |
| 2021-02-10 10:36:18 | OGI | 400 | $5.650 | -4341 |
| 2021-02-10 10:36:18 | OGI | 100 | $5.650 | -4241 |
| 2021-02-10 10:36:18 | OGI | 4241 | $5.650 | 0 |
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