What a runner for me, very little people short these correctly, after a few "get to know the stock / stocks' personality" - trades in premarket with nano size, I decided to wait for the open. The plan was simple: second day runner, up huge, gapped up a second time, people will take profit at open, premarket pivot was glanced and the bid on the L2 fell apart, slammed in short (with my usual half / quarter sized position for trades near the open), missed my hotkey for the best exit got out higher still had a very nice trade there. Once out for the scalp at the open I was looking to see wether we would see continued weakness or maybe a double top / parabolic move. The latter happened, so I decided to apply my parabolic short strategy: scaling in tiny into the 3rd halt up, and adding on the way up with enough "ammo"/shares located as a backup. Statistically a stock starting to go parabolic in the teens / twenties usually tops out somewhere in the 40-70ish range. Missed the final add when the false halt up resulted in panic selling and a big stuffy wick. covered on the way down in pieces to capture basically 100% of the move. Besides size, I couldn't have traded that better :)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-07-21 08:55:06 | NURO | sell | $14.840 | short |
2021-07-21 08:56:13 | NURO | buy | $14.730 | 0 |
2021-07-21 09:12:38 | NURO | sell | $16.800 | short |
2021-07-21 09:13:56 | NURO | sell | $17.580 | short |
2021-07-21 09:19:11 | NURO | buy | $17.050 | 0 |
2021-07-21 09:30:11 | NURO | sell | $17.610 | short |
2021-07-21 09:30:16 | NURO | buy | $16.540 | 0 |
2021-07-21 10:13:07 | NURO | sell | $29.530 | short |
2021-07-21 10:18:54 | NURO | sell | $34.100 | short |
2021-07-21 10:24:22 | NURO | sell | $38.670 | short |
2021-07-21 10:35:38 | NURO | buy | $28.040 | short |
2021-07-21 10:35:42 | NURO | buy | $27.270 | short |
2021-07-21 10:46:12 | NURO | buy | $24.350 | 0 |
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