Shared by
metp2202
Tags:
Raw momentum name, part of the EV theme, I thought that a pullback was very likely today after being up 3 days in a row since the IPO. Honestly I'm totally fine with this loss, I think that my execs were fine, proper entry with decent size and I took the loss at the right place/ right time when I was clearly wrong. That's the cost of the job, sometimes the best you can do is losing a little. Sellers didn't show up on this name yet, but I'm pretty sure that on first red day I'll be able to make up to 10x what I lost today. Will keep stalking tomorrow and in the coming days. That was my only trade today.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-11-16 10:05:21 | RIVN | -75 | $160.480 | -75 |
| 2021-11-16 10:05:54 | RIVN | -75 | $160.900 | -150 |
| 2021-11-16 10:07:05 | RIVN | -75 | $161.130 | -225 |
| 2021-11-16 10:14:23 | RIVN | -75 | $159.940 | -300 |
| 2021-11-16 10:18:08 | RIVN | -200 | $158.100 | -500 |
| 2021-11-16 10:23:23 | RIVN | -1 | $157.440 | -501 |
| 2021-11-16 10:23:23 | RIVN | -30 | $157.440 | -531 |
| 2021-11-16 10:23:23 | RIVN | -44 | $157.440 | -575 |
| 2021-11-16 10:25:07 | RIVN | -75 | $157.060 | -650 |
| 2021-11-16 10:25:07 | RIVN | -75 | $157.070 | -725 |
| 2021-11-16 10:39:08 | RIVN | 225 | $160.890 | -500 |
| 2021-11-16 10:39:12 | RIVN | 62 | $161.000 | -438 |
| 2021-11-16 10:39:16 | RIVN | 438 | $161.000 | 0 |
Comments
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I have only recently been able to "keep my losses small"...previously lost a lot of money holding on to losers.
Finally, I believe cutting my losses is now a habit, but was my most difficult lesson to learn.
You'll get some big wins tomorrow...thanks for sharing