Shared by
metp2202
Tags:
Random catalyst
mean reversion
Stupid loss on RCAT, mean reversion trade, micro float, the tape was acting weird around the 5.6 level, my entry was fine I just had very little trust in this name, took it off at 5.62 for break even... this was def not good at all, should have kept my stop above 5.7. Brain fart. The second trade was worst I believe, the structure of the chart didn't make sense for me to get involve short, we were too much extended to the downside.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-07-13 12:14:41 | RCAT | -3000 | $5.612 | -3000 |
| 2021-07-13 12:15:12 | RCAT | 3000 | $5.620 | 0 |
| 2021-07-13 12:35:10 | RCAT | -150 | $4.860 | -150 |
| 2021-07-13 12:35:10 | RCAT | -100 | $4.860 | -250 |
| 2021-07-13 12:35:10 | RCAT | -100 | $4.860 | -350 |
| 2021-07-13 12:35:10 | RCAT | -1300 | $4.860 | -1650 |
| 2021-07-13 12:35:10 | RCAT | -139 | $4.860 | -1789 |
| 2021-07-13 12:36:05 | RCAT | 1216 | $4.930 | -573 |
| 2021-07-13 12:36:05 | RCAT | 1 | $4.930 | -572 |
| 2021-07-13 12:36:13 | RCAT | 572 | $4.989 | 0 |
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