Shared by
metp2202
Tags:
Raw momentum
Raw momentum name, I thought that we the recent run up we could see some selling/ a big red candle on the daily. I was looking for a flush below 18 and possibly a green to red. I think that my entry was not the best, I did chase a bit and I had to cut half of my position at 18.77 to reduce my risk (the spread was pretty bad and I didn't anticipate that. I only covered about 1/10 of my position in the low 18s before it reversed... We were quite extended to the downside too, I think that this was not the best structure to take a short at those levels.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-06-28 10:37:08 | ALF | -1000 | $18.502 | -1000 |
| 2021-06-28 10:37:08 | ALF | -1000 | $18.501 | -2000 |
| 2021-06-28 10:38:02 | ALF | 1000 | $18.770 | -1000 |
| 2021-06-28 10:40:19 | ALF | -100 | $18.590 | -1100 |
| 2021-06-28 10:40:19 | ALF | -100 | $18.590 | -1200 |
| 2021-06-28 10:40:19 | ALF | -100 | $18.600 | -1300 |
| 2021-06-28 10:40:19 | ALF | -100 | $18.590 | -1400 |
| 2021-06-28 10:40:19 | ALF | -600 | $18.530 | -2000 |
| 2021-06-28 10:45:09 | ALF | 200 | $18.060 | -1800 |
| 2021-06-28 10:46:35 | ALF | 1800 | $18.514 | 0 |
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