Shared by
metp2202
Tags:
Random catalyst
Random catalyst day 1 play, I saw the weak open and the tight consolidation below vwap, I was anticipating another leg down below 6.6, I got short for the break, we went down but reversed on a dime and I had to eat the loss at 6.88. I was clearly too slow on this to take the position off I believe. I should have just wait and check price action for the first 15-30 min of the day, given the way that this name was trading, it was an avoid/ wait for early eager shorts to get squeeze before joining the downtrend.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-05-12 09:36:45 | LHDX | -300 | $6.700 | -300 |
| 2021-05-12 09:36:45 | LHDX | -300 | $6.700 | -600 |
| 2021-05-12 09:36:45 | LHDX | -400 | $6.700 | -1000 |
| 2021-05-12 09:36:45 | LHDX | -500 | $6.700 | -1500 |
| 2021-05-12 09:37:39 | LHDX | 400 | $6.880 | -1100 |
| 2021-05-12 09:37:39 | LHDX | 501 | $6.880 | -599 |
| 2021-05-12 09:37:39 | LHDX | 163 | $6.880 | -436 |
| 2021-05-12 09:37:39 | LHDX | 100 | $6.890 | -336 |
| 2021-05-12 09:37:39 | LHDX | 100 | $6.890 | -236 |
| 2021-05-12 09:37:39 | LHDX | 100 | $6.900 | -136 |
| 2021-05-12 09:37:39 | LHDX | 100 | $6.900 | -36 |
| 2021-05-12 09:37:39 | LHDX | 36 | $6.900 | 0 |
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