Shared by
metp2202
Tags:
Raw momentum, first red day setup, CLOV was such a big miss for me today, I knew that I had to size this one quite well but when we came in at 25.15 I wasn't able to get filled on the bid. I ended up getting only 250 shares which were pretty lame. I think that I had to be more aggressive once I saw that it was feeling quite heavy around that 25 area and then go full size on the break of 24. Second trade I scalped the break of 22 with 500 shares, I took my profits wayyy to quickly, I don't know why exactly I covered this quickly, I believe that maybe i was involve in too many names and I just brain fart this trade.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-06-09 09:50:04 | CLOV | -500 | $25.070 | -500 |
| 2021-06-09 09:51:11 | CLOV | 250 | $25.400 | -250 |
| 2021-06-09 09:51:12 | CLOV | 234 | $25.570 | -16 |
| 2021-06-09 09:51:12 | CLOV | 16 | $25.570 | 0 |
| 2021-06-09 09:57:12 | CLOV | -50 | $24.970 | -50 |
| 2021-06-09 09:57:17 | CLOV | -198 | $24.970 | -248 |
| 2021-06-09 09:57:18 | CLOV | -2 | $24.970 | -250 |
| 2021-06-09 10:02:00 | CLOV | 179 | $22.630 | -71 |
| 2021-06-09 10:02:00 | CLOV | 71 | $22.630 | 0 |
| 2021-06-09 10:14:30 | CLOV | -7 | $22.250 | -7 |
| 2021-06-09 10:14:30 | CLOV | -5 | $22.250 | -12 |
| 2021-06-09 10:14:30 | CLOV | -3 | $22.250 | -15 |
| 2021-06-09 10:14:31 | CLOV | -100 | $22.250 | -115 |
| 2021-06-09 10:14:31 | CLOV | -385 | $22.250 | -500 |
| 2021-06-09 10:14:40 | CLOV | 100 | $21.670 | -400 |
| 2021-06-09 10:14:41 | CLOV | 235 | $21.670 | -165 |
| 2021-06-09 10:14:41 | CLOV | 165 | $21.670 | 0 |
Comments
metp2202
totally, I could have used a VWAP order or some automatic covers below 22.5 to get me out instead of puking like I did. I think that I was watching too much things at the same time. That should have been my priority. I lost track of how much meat there was on that name.
The forced away time is interesting too, like wait at least 2 min following the breakdown before paying yourself. I could def implement that too. Thanks for the advice @Cole
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Nice trade. Maybe a pre-planned trailing stop or meaningful stop and some forced away time might help you not to reap profits so quickly in the future.