Tags:
I wanted to reallocate risk therefore I got short at 7 with 1600 shares, I was close to triple the size of my initial position and I was risking vwap ish. I thought that the trend was establish to the down side and that a move back up to VWAP would be very unlikely. the structure of the chart didn't make too much sense IMO for me to short where I did. I think that we were quite extended to the downside and that I could have been more patient before deploying some more risk. This is not a trade setup that I'm super familiar with. I got stopped out at 7.73. My risk allocation did not make any fucking sense here, putting 3x the risk that I had initially on my first trade while the risk reward was significantly lower on that trade.
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2021-03-02 11:37:07 | NNVC | -400 | $7.020 | -400 |
2021-03-02 11:37:07 | NNVC | -100 | $7.020 | -500 |
2021-03-02 11:37:07 | NNVC | -100 | $7.020 | -600 |
2021-03-02 11:38:56 | NNVC | -200 | $6.960 | -800 |
2021-03-02 11:38:56 | NNVC | -250 | $6.960 | -1050 |
2021-03-02 11:38:56 | NNVC | -50 | $6.960 | -1100 |
2021-03-02 11:47:02 | NNVC | -100 | $7.170 | -1200 |
2021-03-02 11:47:02 | NNVC | -100 | $7.160 | -1300 |
2021-03-02 11:47:02 | NNVC | -50 | $7.160 | -1350 |
2021-03-02 11:47:02 | NNVC | -100 | $7.170 | -1450 |
2021-03-02 11:47:02 | NNVC | -100 | $7.170 | -1550 |
2021-03-02 11:47:02 | NNVC | -50 | $7.170 | -1600 |
2021-03-02 11:55:21 | NNVC | 500 | $7.730 | -1100 |
2021-03-02 11:55:21 | NNVC | 100 | $7.730 | -1000 |
2021-03-02 11:55:21 | NNVC | 100 | $7.730 | -900 |
2021-03-02 11:55:21 | NNVC | 100 | $7.730 | -800 |
2021-03-02 11:55:21 | NNVC | 100 | $7.730 | -700 |
2021-03-02 11:55:21 | NNVC | 100 | $7.730 | -600 |
2021-03-02 11:55:21 | NNVC | 100 | $7.730 | -500 |
2021-03-02 11:55:21 | NNVC | 100 | $7.730 | -400 |
2021-03-02 11:55:21 | NNVC | 100 | $7.730 | -300 |
2021-03-02 11:55:21 | NNVC | 100 | $7.730 | -200 |
2021-03-02 11:55:21 | NNVC | 100 | $7.730 | -100 |
2021-03-02 11:55:21 | NNVC | 100 | $7.730 | 0 |
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