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reverselong

 

CTXR

Feb 19, 2021 04:01


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Good ol' CTXR. The paid pumper for multiple years. Lots of new lessons from an old buddy stock. I decided to take CTXR as it was the only one enticing in my scanner so early in the morning. It somehow started spiking like crazy and I just decided to add into the super early morning spike. Eventually it just faded. It now was at year highs. This market is just so incredible. This stock has been doing absolutely nothing for 2 years but pumping out paid mailers weekly and moving on nothing, and now after an offering and up on nothing, it just keeps going. It was ok as a pre market fader, but this thing did not want to fade in the regular hours and just kept going. What's weird in this market is that offerings are bullish now. Insane! I can't short stocks that have had offerings while the market behaves like this. At least in the regular hours. For now, no fading stocks with offerings unless it's a former pump and dump or the offering price was really bad. Also I have to scale out way earlier. 5am I begin scaling out and 6am I'm completely out AT THE LATEST. No more sticking around for the premarket. This strategy is so damn good, I don't need to be messing around and overstaying my welcome. Size in bigger with confirmation and just get the hell out (not for CTXR, other stocks in general in the premarket)


Execution detail:

Date/time Symbol Side Price Position
2021-02-19 04:01:52 CTXR sell $1.900 short
2021-02-19 04:02:15 CTXR sell $1.860 short
2021-02-19 04:02:44 CTXR sell $1.850 short
2021-02-19 04:03:08 CTXR sell $1.860 short
2021-02-19 04:03:28 CTXR sell $1.860 short
2021-02-19 04:03:45 CTXR sell $1.820 short
2021-02-19 04:03:49 CTXR sell $1.820 short
2021-02-19 04:04:01 CTXR sell $1.790 short
2021-02-19 04:05:19 CTXR sell $1.830 short
2021-02-19 04:05:30 CTXR sell $1.840 short
2021-02-19 04:06:15 CTXR sell $1.900 short
2021-02-19 04:06:42 CTXR sell $1.850 short
2021-02-19 04:07:16 CTXR sell $1.850 short
2021-02-19 04:08:35 CTXR sell $1.950 short
2021-02-19 04:09:03 CTXR sell $1.970 short
2021-02-19 04:09:33 CTXR sell $1.980 short
2021-02-19 04:09:44 CTXR sell $1.980 short
2021-02-19 04:09:56 CTXR sell $2.000 short
2021-02-19 04:09:56 CTXR sell $1.990 short
2021-02-19 04:10:06 CTXR sell $2.050 short
2021-02-19 04:10:25 CTXR sell $2.060 short
2021-02-19 04:10:31 CTXR sell $2.100 short
2021-02-19 04:10:34 CTXR sell $2.090 short
2021-02-19 04:10:41 CTXR sell $2.120 short
2021-02-19 04:10:48 CTXR sell $2.140 short
2021-02-19 04:10:57 CTXR sell $2.190 short
2021-02-19 04:11:04 CTXR sell $2.210 short
2021-02-19 04:11:10 CTXR sell $2.220 short
2021-02-19 04:11:23 CTXR sell $2.240 short
2021-02-19 04:11:23 CTXR sell $2.250 short
2021-02-19 04:11:33 CTXR sell $2.270 short
2021-02-19 04:11:40 CTXR sell $2.310 short
2021-02-19 04:11:47 CTXR sell $2.350 short
2021-02-19 04:11:55 CTXR sell $2.400 short
2021-02-19 04:12:10 CTXR sell $2.250 short
2021-02-19 04:12:17 CTXR sell $2.350 short
2021-02-19 04:12:30 CTXR sell $2.280 short
2021-02-19 04:12:45 CTXR sell $2.260 short
2021-02-19 04:13:08 CTXR sell $2.160 short
2021-02-19 04:13:16 CTXR sell $2.130 short
2021-02-19 04:13:22 CTXR sell $2.090 short
2021-02-19 04:13:31 CTXR sell $2.140 short
2021-02-19 04:13:42 CTXR sell $2.160 short
2021-02-19 04:14:19 CTXR sell $2.170 short
2021-02-19 04:14:28 CTXR sell $2.130 short
2021-02-19 04:14:50 CTXR sell $2.170 short
2021-02-19 04:15:03 CTXR sell $2.170 short
2021-02-19 04:15:22 CTXR sell $2.150 short
2021-02-19 04:15:39 CTXR sell $2.130 short
2021-02-19 04:15:40 CTXR sell $2.120 short
2021-02-19 04:15:56 CTXR sell $2.080 short
2021-02-19 04:16:22 CTXR sell $2.030 short
2021-02-19 04:16:41 CTXR sell $2.090 short
2021-02-19 04:19:21 CTXR sell $2.200 short
2021-02-19 04:24:10 CTXR sell $2.130 short
2021-02-19 04:24:51 CTXR sell $2.120 short
2021-02-19 04:30:50 CTXR sell $2.100 short
2021-02-19 05:05:12 CTXR sell $2.050 short
2021-02-19 05:07:18 CTXR sell $2.040 short
2021-02-19 05:07:50 CTXR buy $1.960 short
2021-02-19 05:08:03 CTXR buy $1.980 short
2021-02-19 05:08:13 CTXR buy $1.980 short
2021-02-19 05:08:25 CTXR buy $1.960 short
2021-02-19 05:08:48 CTXR buy $1.960 short
2021-02-19 05:08:52 CTXR buy $1.960 short
2021-02-19 05:09:01 CTXR buy $1.970 short
2021-02-19 05:09:16 CTXR buy $1.980 short
2021-02-19 05:09:35 CTXR buy $1.990 short
2021-02-19 05:10:18 CTXR sell $2.020 short
2021-02-19 05:10:37 CTXR sell $2.020 short
2021-02-19 05:11:15 CTXR sell $2.010 short
2021-02-19 05:11:51 CTXR sell $2.000 short
2021-02-19 05:11:54 CTXR sell $2.010 short
2021-02-19 05:12:08 CTXR sell $2.010 short
2021-02-19 05:12:16 CTXR sell $2.020 short
2021-02-19 05:13:39 CTXR buy $1.980 short
2021-02-19 05:13:58 CTXR buy $1.980 short
2021-02-19 05:14:11 CTXR buy $1.980 short
2021-02-19 05:14:39 CTXR buy $1.980 short
2021-02-19 05:15:47 CTXR sell $2.000 short
2021-02-19 05:15:56 CTXR sell $2.000 short
2021-02-19 05:16:04 CTXR sell $2.010 short
2021-02-19 05:16:20 CTXR sell $2.020 short
2021-02-19 05:16:20 CTXR sell $2.010 short
2021-02-19 05:16:59 CTXR sell $2.020 short
2021-02-19 05:17:26 CTXR sell $2.060 short
2021-02-19 05:47:06 CTXR buy $2.000 short
2021-02-19 05:47:39 CTXR buy $2.000 short
2021-02-19 05:48:13 CTXR buy $1.990 short
2021-02-19 05:48:49 CTXR buy $1.980 short
2021-02-19 05:48:49 CTXR buy $1.980 short
2021-02-19 05:49:10 CTXR buy $1.990 short
2021-02-19 05:49:36 CTXR buy $1.990 short
2021-02-19 05:49:52 CTXR buy $1.990 short
2021-02-19 05:50:01 CTXR buy $1.990 short
2021-02-19 05:51:33 CTXR buy $1.980 short
2021-02-19 05:53:07 CTXR buy $1.960 short
2021-02-19 05:53:47 CTXR buy $1.960 short
2021-02-19 05:53:55 CTXR buy $1.950 short
2021-02-19 05:55:24 CTXR buy $1.970 short
2021-02-19 05:55:58 CTXR buy $1.970 short
2021-02-19 05:56:21 CTXR buy $1.970 short
2021-02-19 05:56:34 CTXR buy $1.970 short
2021-02-19 05:57:14 CTXR buy $1.990 short
2021-02-19 05:57:33 CTXR buy $1.990 short
2021-02-19 06:00:59 CTXR buy $1.970 short
2021-02-19 06:01:09 CTXR buy $1.970 0
2021-02-19 06:03:36 CTXR sell $1.960 short
2021-02-19 06:03:50 CTXR sell $1.960 short
2021-02-19 06:03:51 CTXR sell $1.970 short
2021-02-19 06:04:08 CTXR sell $1.970 short
2021-02-19 06:04:27 CTXR sell $1.980 short
2021-02-19 06:04:49 CTXR sell $1.970 short
2021-02-19 06:04:59 CTXR sell $1.970 short
2021-02-19 06:05:09 CTXR sell $1.970 short
2021-02-19 06:05:15 CTXR sell $1.970 short
2021-02-19 06:05:34 CTXR sell $1.960 short
2021-02-19 06:05:44 CTXR sell $1.960 short
2021-02-19 06:06:20 CTXR sell $1.960 short
2021-02-19 06:08:00 CTXR buy $1.920 short
2021-02-19 06:08:23 CTXR buy $1.900 short
2021-02-19 06:09:09 CTXR buy $1.900 short
2021-02-19 06:10:22 CTXR buy $1.900 short
2021-02-19 06:11:01 CTXR buy $1.910 0
2021-02-19 06:11:11 CTXR sell $1.910 short
2021-02-19 06:11:51 CTXR sell $1.880 short
2021-02-19 06:11:52 CTXR sell $1.870 short
2021-02-19 06:12:17 CTXR sell $1.880 short
2021-02-19 06:12:24 CTXR sell $1.890 short
2021-02-19 06:13:57 CTXR sell $1.880 short
2021-02-19 06:14:45 CTXR sell $1.880 short
2021-02-19 06:15:02 CTXR sell $1.890 short
2021-02-19 06:20:30 CTXR sell $1.870 short
2021-02-19 06:20:31 CTXR sell $1.880 short
2021-02-19 06:20:39 CTXR sell $1.890 short
2021-02-19 06:21:26 CTXR sell $1.870 short
2021-02-19 08:30:39 CTXR buy $1.750 short
2021-02-19 08:31:04 CTXR buy $1.750 short
2021-02-19 08:31:19 CTXR buy $1.760 short
2021-02-19 08:31:39 CTXR buy $1.760 0
2021-02-19 08:31:59 CTXR sell $1.750 short
2021-02-19 08:32:10 CTXR sell $1.750 short
2021-02-19 08:32:19 CTXR sell $1.750 short
2021-02-19 08:34:17 CTXR sell $1.760 short
2021-02-19 09:31:17 CTXR sell $1.920 short
2021-02-19 09:31:49 CTXR sell $1.950 short
2021-02-19 09:32:11 CTXR sell $1.980 short
2021-02-19 09:32:38 CTXR sell $2.000 short
2021-02-19 09:32:53 CTXR sell $2.021 short
2021-02-19 09:33:25 CTXR sell $2.000 short
2021-02-19 09:34:14 CTXR sell $1.940 short
2021-02-19 09:34:57 CTXR sell $1.990 short
2021-02-19 09:35:30 CTXR sell $1.950 short
2021-02-19 09:35:51 CTXR sell $1.930 short
2021-02-19 09:37:35 CTXR sell $1.870 short
2021-02-19 09:41:44 CTXR sell $1.912 short
2021-02-19 12:13:32 CTXR buy $1.965 short
2021-02-19 12:13:39 CTXR buy $1.970 0


Comments

Gravatar wpny2014
2021-02-20 12:52:39
 

great trade! It looked nice to get into but working with IBKR lite, I had to wait until 7am to get into it and by that point the risk:reward wasn't there for me. Thanks to you, I switched over to Pro so I'll be able to catch these earlier moves now.

Gravatar wpny2014
2021-02-20 12:54:11
 

What's currently your entry and exit plan? I compare different methods via excel and backtest to see how effective they are.

2021-02-20 23:52:36
 

Thanks! For CTXR I played it well. I have been shorting this one regularly for about 2 years so I had a good rythm with it. For pre-market it behaved just how I anticipated. Spiked early premarket and fade with bigger drop around 4am-7am est as more brokers open at that time. However, I carried a position into the open and that was a no-no. I lost a chunk of my profits because of that. These days with the crazy market, some junk stocks like ESPECIALLY CTXR are now flying on year highs.... and crazy, they just did an offering! I'm looking to just watch this one for now. I did not like what it did during the regular hours at all.

2021-02-20 23:55:03
 

In fact, it was good that I cut it because it would have wiped out most of my gains if I held. On top of that, if I held it over the weekend it would have sucked! The main lesson here is that these pre market faders once out of 10 times can flip around and go up during the regular hours. The plan is to fade them and be out ideally 45 minutes before the market open and wait until the first 30-45 minutes after the open to reshort and to be aware if it breaks the morning highs. If it breaks the morning highs, you get out completely.

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