Shared by
Steve_Trades
- Top trade today.
- Merged both trades...two stabs at it. One winner, one loser.
- Looking for fade opportunities.
- Watching this ticker premarket but wanted to wait for the open and assess.
- Insta-flush out of the gate so I didn't trade it. Waiting for a meaningful pop to potentially get in.
- Took a half position short into VWAP push and held on.
- Risking $0.05 at the $2.85 level.
- Trade went against me, then for me, then against me.
- Cut it finally, losing $0.08, and knew pretty quickly I should have held on.
- Had a hard time deciding whether to cover out at this point, or add to the losing position.
- .
- Got back in on the VWAP break, with more size.
- Happy with my covers. Trade plan was to NOT add on any pops, taking a more conservative approach to protect my average.
- +1.75R all-in
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-04-20 10:06:23 | YVR | sell | $2.800 | short |
| 2021-04-20 10:14:23 | YVR | buy | $2.875 | short |
| 2021-04-20 10:14:23 | YVR | buy | $2.880 | 0 |
| 2021-04-20 10:18:18 | YVR | sell | $2.780 | short |
| 2021-04-20 10:21:13 | YVR | buy | $2.720 | short |
| 2021-04-20 10:51:06 | YVR | buy | $2.660 | short |
| 2021-04-20 11:18:10 | YVR | buy | $2.610 | 0 |
Comments
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Great trade! I wonder why not add the cover back at $2.80 or at $2.70? I learned:
- If instant wash at the gate and idea was to SS it, DO NOT TOUCH till it pops back to the flush zone (here 1st 2min candle)
- If trapped out but right after: get back in
- If this is crowded small cap madness, be quick on the cover if flushes