Shared by
dpaleo
Tags:
Fade
IPO
bloated IPO coming public day after the mini EV bubble popped. Had a similar feel to COIN...
Opened with mkt rolling hard so just had to wait out initial buying wave. Shoulda hit bid on 1min reversal bar at 13:15. But waited for 5min candle close which was a picture perfect engulfing failed breakout. They tried to hold $111 but got no bounce from it so added a short stop $110.99. Smooth sailing from there. Love how clean big IPOs trade.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-11-10 13:19:56 | RIVN | -75 | $111.510 | -75 |
| 2021-11-10 13:20:30 | RIVN | -25 | $113.750 | -100 |
| 2021-11-10 13:26:37 | RIVN | -50 | $110.910 | -150 |
| 2021-11-10 13:30:03 | RIVN | 25 | $107.600 | -125 |
| 2021-11-10 13:43:06 | RIVN | -50 | $107.450 | -175 |
| 2021-11-10 13:43:38 | RIVN | 25 | $106.150 | -150 |
| 2021-11-10 13:44:25 | RIVN | 25 | $105.550 | -125 |
| 2021-11-10 13:44:40 | RIVN | 25 | $105.150 | -100 |
| 2021-11-10 13:45:14 | RIVN | 25 | $103.710 | -75 |
| 2021-11-10 13:46:17 | RIVN | 25 | $102.150 | -50 |
| 2021-11-10 13:46:33 | RIVN | 25 | $101.250 | -25 |
| 2021-11-10 13:51:48 | RIVN | 10 | $100.250 | -15 |
| 2021-11-10 13:55:06 | RIVN | 5 | $98.750 | -10 |
| 2021-11-10 13:57:10 | RIVN | 10 | $98.060 | 0 |
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