Shared by
metp2202
Tags:
I got short MARA when I saw that RIOT rejected red to green and started to puke, RIOT got SSR on before MARA so I thought that it was better for me to trade MARA because there was more meat left. I got short in the low 44s, quickly realized that I was chasing so I micro managed the position, got out and started leaning short against VWAP around 44.7-44.6. I only put 400 shares avg 44.6 ish, I was risking the 45.2 level, my risk was way too little, I should have been 800-900 shares on this trade IMO. I covered everything into 42.7 ish because the risk reward was getting skewed, I think that I could have paid myself in 1/5 ish and let a small core go lower until there is really a reason to cover. I think that I was quite piss about my size and piked the trade as a result...
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-02-18 10:08:55 | MARA | -10 | $44.420 | -10 |
| 2021-02-18 10:08:55 | MARA | -90 | $44.420 | -100 |
| 2021-02-18 10:09:16 | MARA | -100 | $44.050 | -200 |
| 2021-02-18 10:09:16 | MARA | -100 | $44.050 | -300 |
| 2021-02-18 10:11:00 | MARA | 100 | $43.965 | -200 |
| 2021-02-18 10:11:01 | MARA | 100 | $43.950 | -100 |
| 2021-02-18 10:11:04 | MARA | 100 | $44.070 | 0 |
| 2021-02-18 10:11:36 | MARA | -100 | $44.520 | -100 |
| 2021-02-18 10:11:39 | MARA | -100 | $44.970 | -200 |
| 2021-02-18 10:16:03 | MARA | -100 | $44.620 | -300 |
| 2021-02-18 10:18:41 | MARA | -100 | $44.460 | -400 |
| 2021-02-18 10:23:49 | MARA | 100 | $42.900 | -300 |
| 2021-02-18 10:23:49 | MARA | 100 | $42.900 | -200 |
| 2021-02-18 10:24:13 | MARA | 200 | $42.750 | 0 |
| 2021-02-18 10:58:53 | MARA | -200 | $42.880 | -200 |
| 2021-02-18 11:02:50 | MARA | 100 | $42.960 | -100 |
| 2021-02-18 11:02:50 | MARA | 100 | $42.960 | 0 |
Comments
metp2202
thanks man! yeah was clearly chasing, was aware of it and able to get out / reassess
dpaleo
its one thing to recognize it but another to actually take action. Well done. Way to be nimble - thats a great skill
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really like that you recognized you were shorting into the $44 support level and took action to cover some up and redeploy at better prices. Well done