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This piece of shit was running yesterday on no news, this is straight up a pump from reddit (38% short float) and shorts got caught on the wrong side. I was hoping that we hold the gap this morning but shit started to dump and the open was quite weak so I had to wait for a tight consolidation below vwap before attacking for next leg down. I started to scale in at 34, added some size at 34.8 and 34.2. I was pretty small with size, I was risking off of opening print until I have a good pivot high where I can drop my risk level at. I moved my stop to 35 ish once we failed there at vwap, added micro size at 33.5 ish on the way down. Started covering at 31.5 1/4 of my position. I covered all the rest at 30.8 ish. Overall nice trade, I wish I had a bit more patience and was able to cover my position lower, I believe that if I follow my EMAs on the 15 m chart I should be in good position to hold for a bigger move.
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2021-03-03 10:38:25 | RKT | -50 | $34.000 | -50 |
2021-03-03 10:44:44 | RKT | -25 | $33.630 | -75 |
2021-03-03 10:47:45 | RKT | -25 | $33.770 | -100 |
2021-03-03 11:08:10 | RKT | -25 | $34.790 | -125 |
2021-03-03 11:11:24 | RKT | -25 | $34.230 | -150 |
2021-03-03 11:14:32 | RKT | -25 | $33.990 | -175 |
2021-03-03 11:38:18 | RKT | -25 | $33.440 | -200 |
2021-03-03 12:10:09 | RKT | 50 | $31.520 | -150 |
2021-03-03 12:13:28 | RKT | 25 | $31.420 | -125 |
2021-03-03 12:20:26 | RKT | 25 | $30.710 | -100 |
2021-03-03 12:20:56 | RKT | 25 | $30.780 | -75 |
2021-03-03 12:20:56 | RKT | 25 | $30.780 | -50 |
2021-03-03 12:20:56 | RKT | 25 | $30.780 | -25 |
2021-03-03 12:20:58 | RKT | 25 | $30.780 | 0 |
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Very good entry point !