Shared by
metp2202
Tags:
I felt like the action above vwap was very thin/ without real order flow, I decided to give LEDS a second chance, I took a loss in the range getting involve too early at 10.94 and puking at 11.25. I got back in when we broke below vwap and went into a circuit breaker halt. At that point I was risking a reversal to vwap and once we got above 10.5 I knew I had to eat the loss because we were clearly not showing any signs of weakness. This is a name that I should have been avoiding today, the float is too low and it was clearly manipulated. I definitely don't have any edge on these names.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-05-06 12:47:28 | LEDS | -100 | $10.940 | -100 |
| 2021-05-06 12:47:28 | LEDS | -200 | $10.940 | -300 |
| 2021-05-06 13:02:24 | LEDS | 100 | $11.250 | -200 |
| 2021-05-06 13:02:24 | LEDS | 100 | $11.250 | -100 |
| 2021-05-06 13:02:24 | LEDS | 23 | $11.250 | -77 |
| 2021-05-06 13:02:24 | LEDS | 72 | $11.250 | -5 |
| 2021-05-06 13:02:24 | LEDS | 5 | $11.230 | 0 |
| 2021-05-06 13:17:08 | LEDS | -150 | $9.980 | -150 |
| 2021-05-06 13:17:08 | LEDS | -150 | $9.980 | -300 |
| 2021-05-06 13:53:47 | LEDS | 100 | $10.550 | -200 |
| 2021-05-06 13:53:47 | LEDS | 100 | $10.550 | -100 |
| 2021-05-06 13:53:47 | LEDS | 100 | $10.550 | 0 |
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