Shared by
metp2202
Tags:
Raw momentum
mean reversion
Front side shorting is def one of my weakness, I was looking for a mean reversion on those two trades and got steamroll. the first trade was def wrong, I think that we were not enough extended from vwap/ the move was not parabolic to get short. on the second trade I was using too much size I believe, the tape was moving faster than yesterday and it was harder to read, should have been using some 3-4k lot instead of 7.5k. On the positive side I was pretty quick to take my losses when I saw that the tape was not showing weakness like I expected.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-07-13 10:06:20 | XELA | -7500 | $4.090 | -7500 |
| 2021-07-13 10:06:35 | XELA | 7500 | $4.110 | 0 |
| 2021-07-13 10:48:21 | XELA | -7500 | $4.751 | -7500 |
| 2021-07-13 10:48:30 | XELA | 287 | $4.780 | -7213 |
| 2021-07-13 10:48:37 | XELA | 2700 | $4.830 | -4513 |
| 2021-07-13 10:48:37 | XELA | 250 | $4.830 | -4263 |
| 2021-07-13 10:48:37 | XELA | 127 | $4.830 | -4136 |
| 2021-07-13 10:48:37 | XELA | 570 | $4.830 | -3566 |
| 2021-07-13 10:48:37 | XELA | 250 | $4.830 | -3316 |
| 2021-07-13 10:48:37 | XELA | 300 | $4.830 | -3016 |
| 2021-07-13 10:48:37 | XELA | 600 | $4.830 | -2416 |
| 2021-07-13 10:49:00 | XELA | 2416 | $4.850 | 0 |
| 2021-07-13 10:51:27 | XELA | -3500 | $4.750 | -3500 |
| 2021-07-13 10:51:47 | XELA | 969 | $4.780 | -2531 |
| 2021-07-13 10:51:47 | XELA | 2531 | $4.780 | 0 |
| 2021-07-13 10:52:03 | XELA | -3500 | $4.740 | -3500 |
| 2021-07-13 10:52:32 | XELA | 73 | $4.740 | -3427 |
| 2021-07-13 10:52:32 | XELA | 10 | $4.740 | -3417 |
| 2021-07-13 10:53:07 | XELA | 3417 | $4.780 | 0 |
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