ARKK Trade on Dec 1, 2021 11:33 from spyrosz: Tradervue User Stock Trades.

A collection of stocks with terrible fundamentals (unprofitable high-growth tech) that have already lost >50%, and $TSLA (extremely overvalued meme-tech name), with the latter being the sole reason that keeps this ETF afloat….

At the bottom of almost 1-yr long channel, failure to lift off base/support=$103.5-105 area for 5 consecutive days.
Add to that:
-- individual names, esp. those with bad fundamentals (no earnings, high P/E - P/S) collapsing,
-- market concentrated to 1-2 mega-caps that are trying to hold everything together
-- indeces weakness

-- Got short with 18 FEB 22 104 PUT, risking $110, after seeing the rejection at the 9SMA@daily, roll-over and the break thru S1=$105 heading to S2=$103.5
-- Want to double size if we get a pop + brutal rejection at $103.5-105 area, with sellers showing conviction, holding price below that zone for a couple of days
-- 1st target the 2021 low=$97 (almost there today!!), measured moved is $70, but will aim $85.

That played out really well, really fast.
-- Sold 40% of size next couple of days
-- Re-shorted + added one more Tier at the bounce back to $103.5 previous support level, same stop for now $110
-- Small profit taking into the consolidation below $103.5.
-- Covering into 2nd leg lower towards target $80-85. Annihilation!

--> COVERED AT TARGET $75-76. End of trade.