Shared by
SpecTraderJMC
Thought it would come back and test 5 off VWAP. Target 5 stop $4.40. Sized up a little. Price action looked weak. Had to cut it.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-06-25 09:03:46 | OSMT | buy | $4.900 | long |
| 2021-06-25 09:04:28 | OSMT | sell | $4.950 | long |
| 2021-06-25 09:04:28 | OSMT | sell | $4.950 | long |
| 2021-06-25 09:04:28 | OSMT | sell | $4.950 | long |
| 2021-06-25 09:04:28 | OSMT | sell | $4.950 | 0 |
| 2021-06-25 09:30:25 | OSMT | buy | $4.679 | long |
| 2021-06-25 09:30:25 | OSMT | buy | $4.678 | long |
| 2021-06-25 09:30:25 | OSMT | buy | $4.680 | long |
| 2021-06-25 09:30:25 | OSMT | buy | $4.680 | long |
| 2021-06-25 09:30:27 | OSMT | buy | $4.620 | long |
| 2021-06-25 09:30:27 | OSMT | buy | $4.615 | long |
| 2021-06-25 09:30:27 | OSMT | buy | $4.620 | long |
| 2021-06-25 09:30:59 | OSMT | buy | $4.660 | long |
| 2021-06-25 09:30:59 | OSMT | buy | $4.660 | long |
| 2021-06-25 09:31:06 | OSMT | buy | $4.630 | long |
| 2021-06-25 09:31:06 | OSMT | buy | $4.630 | long |
| 2021-06-25 09:31:09 | OSMT | buy | $4.550 | long |
| 2021-06-25 09:31:12 | OSMT | buy | $4.580 | long |
| 2021-06-25 09:37:36 | OSMT | sell | $4.420 | long |
| 2021-06-25 09:37:36 | OSMT | sell | $4.420 | long |
| 2021-06-25 09:37:36 | OSMT | sell | $4.420 | long |
| 2021-06-25 09:37:36 | OSMT | sell | $4.420 | long |
| 2021-06-25 09:37:36 | OSMT | sell | $4.420 | long |
| 2021-06-25 09:37:36 | OSMT | sell | $4.420 | long |
| 2021-06-25 09:37:36 | OSMT | sell | $4.420 | long |
| 2021-06-25 09:37:36 | OSMT | sell | $4.420 | 0 |
Comments
SpecTraderJMC
Yeah, I knew it was weak after seeing the price action on the 1st two minutes. Wanted a push back to VWAP. Then had to cut it. Wasn't in play, unless you were short and wanted to hold the ADF. Missed the big move on GRVI.
Haven't tried options yet. Have enough trouble on the long side with these low floats.
LMDTrading
What I have started doing(because i'm trading out of my cash account) is on higher priced stocks($75up that have small stops and require larger lot sizes) I buy contracts with a delta equal to my risk level. This has been working real well. If I see a pattern that I would take a long position on I just purchase the call contract and if it goes against me I stop out at the same amount I would on a long trade but if it goes in my favor the reward is usually greater than if I would have taken a long position.
I started to put GRVI on my favorites this morning but I left it alone. After the KMX trade which I was out of at 9:50 I was done for the day. Was just waiting on another trade I was in SNCR to either bounce off support or stop me out at breakeven. It ended up stopping me out.
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
I guess our screening pulls the same stocks LOL.... I took a trade on this one about 10 minutes into the open on a buy setup. Pretty much immediately after taking the trade I knew it was going to fail. Took a 1R loss on it. Right before this trade I purchased two contracts on KMX that went 8R so I was just ready for this trade to terminate because I was done for the morning...LOL
Have a great weekend.