Shared by
metp2202
Tags:
Afternoon fade
I was looking for a backside fade this afternoon on MVIS after we failed twice to hold above vwap, I was involved with starter size at 23.15 ish avg, small size, I thought that we could break the 22 level and go to 21, the FOMC meeting caught me off guard, I wasn't,t sure if it was trading with it because right at 2 PM MVIS started to go side way and it was slightly thinner on the LVL 2. I decided to fuck off and that was a mistake I believe. The right thing to do here was to get back in at 23 when it the price action was super tight.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-04-28 13:49:27 | MVIS | -100 | $23.170 | -100 |
| 2021-04-28 13:50:16 | MVIS | -100 | $23.240 | -200 |
| 2021-04-28 13:51:02 | MVIS | -100 | $23.190 | -300 |
| 2021-04-28 13:54:36 | MVIS | -100 | $22.990 | -400 |
| 2021-04-28 14:02:43 | MVIS | 400 | $23.090 | 0 |
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