Shared by
metp2202
Tags:
No news bs, gapping up for a third consecutive time, this was my main watch this morning as I thought that we could get a nice green to red wash throughout the day. Similar thesis as RKT yesterday and UMCW, these names all come down at some point, the higher they go the bigger the fall. Ross was pumping at the open, we got a pretty nice spike into resistance and then slam right back down below vwap. This was my signal to start shorting pops for the test of 5.2, i thought that there would be a lot of warriors bagged from the opening fail follow through move. I got short into bounces at 6.3 scaling in risking vwap. I didn't want to see the break and hold above vwap type situation. I got stopped out above 6.5, with decent size so lost about 1.6R. Two mistake in this trade. When I got stopped out for half of my position, I quickly got back in when we failed to hold VWAP, 90% of the time when I get back in impulsively after taking some off I will lose money. Furthermore the last trade that I took at 6.49 was not worth at all IMO, I was fighting the trend and the power of the stock. Fortunately I was small size.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-03-04 10:14:47 | SLGG | -100 | $6.335 | -100 |
| 2021-03-04 10:14:47 | SLGG | -100 | $6.335 | -200 |
| 2021-03-04 10:14:47 | SLGG | -100 | $6.332 | -300 |
| 2021-03-04 10:14:47 | SLGG | -50 | $6.330 | -350 |
| 2021-03-04 10:17:25 | SLGG | -100 | $6.310 | -450 |
| 2021-03-04 10:17:50 | SLGG | -100 | $6.280 | -550 |
| 2021-03-04 10:22:31 | SLGG | -200 | $6.210 | -750 |
| 2021-03-04 10:22:31 | SLGG | -84 | $6.210 | -834 |
| 2021-03-04 10:22:31 | SLGG | -116 | $6.210 | -950 |
| 2021-03-04 10:23:14 | SLGG | -100 | $6.210 | -1050 |
| 2021-03-04 10:24:02 | SLGG | -16 | $6.140 | -1066 |
| 2021-03-04 10:24:04 | SLGG | -184 | $6.140 | -1250 |
| 2021-03-04 10:24:04 | SLGG | -200 | $6.140 | -1450 |
| 2021-03-04 10:25:37 | SLGG | -200 | $6.180 | -1650 |
| 2021-03-04 10:28:21 | SLGG | -100 | $6.300 | -1750 |
| 2021-03-04 10:28:24 | SLGG | -100 | $6.310 | -1850 |
| 2021-03-04 10:32:21 | SLGG | -200 | $6.180 | -2050 |
| 2021-03-04 10:32:21 | SLGG | -300 | $6.180 | -2350 |
| 2021-03-04 10:35:22 | SLGG | 100 | $6.470 | -2250 |
| 2021-03-04 10:35:22 | SLGG | 700 | $6.470 | -1550 |
| 2021-03-04 10:35:22 | SLGG | 5 | $6.470 | -1545 |
| 2021-03-04 10:35:22 | SLGG | 195 | $6.470 | -1350 |
| 2021-03-04 10:35:52 | SLGG | -150 | $6.370 | -1500 |
| 2021-03-04 10:35:58 | SLGG | -100 | $6.330 | -1600 |
| 2021-03-04 10:35:58 | SLGG | -100 | $6.330 | -1700 |
| 2021-03-04 10:35:58 | SLGG | -24 | $6.330 | -1724 |
| 2021-03-04 10:35:58 | SLGG | -200 | $6.330 | -1924 |
| 2021-03-04 10:35:58 | SLGG | -100 | $6.320 | -2024 |
| 2021-03-04 10:35:58 | SLGG | -376 | $6.320 | -2400 |
| 2021-03-04 10:35:58 | SLGG | -24 | $6.320 | -2424 |
| 2021-03-04 10:35:58 | SLGG | -76 | $6.320 | -2500 |
| 2021-03-04 10:37:28 | SLGG | 220 | $6.530 | -2280 |
| 2021-03-04 10:37:28 | SLGG | 502 | $6.530 | -1778 |
| 2021-03-04 10:37:28 | SLGG | 200 | $6.530 | -1578 |
| 2021-03-04 10:37:28 | SLGG | 30 | $6.540 | -1548 |
| 2021-03-04 10:37:28 | SLGG | 5 | $6.540 | -1543 |
| 2021-03-04 10:37:28 | SLGG | 1050 | $6.540 | -493 |
| 2021-03-04 10:37:28 | SLGG | 25 | $6.540 | -468 |
| 2021-03-04 10:37:28 | SLGG | 50 | $6.540 | -418 |
| 2021-03-04 10:37:28 | SLGG | 40 | $6.540 | -378 |
| 2021-03-04 10:37:28 | SLGG | 100 | $6.540 | -278 |
| 2021-03-04 10:37:28 | SLGG | 4 | $6.540 | -274 |
| 2021-03-04 10:37:28 | SLGG | 100 | $6.540 | -174 |
| 2021-03-04 10:37:28 | SLGG | 174 | $6.540 | 0 |
| 2021-03-04 10:57:12 | SLGG | -100 | $6.490 | -100 |
| 2021-03-04 10:57:13 | SLGG | -74 | $6.490 | -174 |
| 2021-03-04 10:57:13 | SLGG | -226 | $6.490 | -400 |
| 2021-03-04 10:57:13 | SLGG | -100 | $6.490 | -500 |
| 2021-03-04 11:02:56 | SLGG | 500 | $6.750 | 0 |
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