Shared by
metp2202
Tags:
Second day play
Second-day play, $LEDS was up for no reason on Thursday so I was looking for a fail follow through into the previous day and potential all-day fade. I got involved with small size at 9.37, added some more size into 8.8s looking for a move down to 8, I talked myself out of the trade when they started to lift the bids on light volume... I think that I was scared of being squeeze above 9, the volume was so thin and I had a hard time at reading the tape. I don't really care about the outcome of the trade here, I don't think that this was a layup short.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-05-07 09:40:05 | LEDS | -75 | $9.370 | -75 |
| 2021-05-07 09:40:06 | LEDS | -25 | $9.370 | -100 |
| 2021-05-07 09:41:23 | LEDS | -100 | $9.100 | -200 |
| 2021-05-07 09:42:40 | LEDS | -100 | $9.050 | -300 |
| 2021-05-07 09:47:46 | LEDS | -200 | $8.870 | -500 |
| 2021-05-07 09:47:46 | LEDS | -100 | $8.870 | -600 |
| 2021-05-07 09:48:47 | LEDS | -20 | $8.840 | -620 |
| 2021-05-07 09:48:51 | LEDS | -80 | $8.840 | -700 |
| 2021-05-07 09:48:57 | LEDS | -100 | $8.840 | -800 |
| 2021-05-07 10:14:09 | LEDS | 100 | $8.980 | -700 |
| 2021-05-07 10:14:10 | LEDS | 100 | $8.980 | -600 |
| 2021-05-07 10:14:10 | LEDS | 100 | $8.980 | -500 |
| 2021-05-07 10:14:10 | LEDS | 500 | $8.980 | 0 |
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