MRIN Trade on Feb 17, 2022 09:27 from BanalityOfEvil: Tradervue User Stock Trades.

MRIN – OPENING DRIVE

3:52:13PM
MRIN
MARIN SOFTWARE STOCK SURGES 41% AFTERMARKET ON TIKTOK INTEGRATION IN PLATFORM

TRADE IDEA
MRIN WILL MAKE A NEW HOD TODAY BASED OFF NEWS OF TIKTOK COLLAB
Setup Quality - A

BIG PICTURE
NEWS RELEASE YESTERDAY, PRICE GAPPED UP TO LTR 4.80 AFTER HOURS, SELLING OFF IN PREMARKET FINDING SUPPORT AROUND 3.90
SPY IS WEAK
VIX IS ELEVATED OVER 26
TANKS ARE FIRING IN UKRAINE, FEDS BULLARD MAKING BEARISH COMMENTARY
RVOL IS 33,000X
ALGO PRESENCE IS HEAVY
FLOAT 15M
ATR (.20)
LTR IS 4.84
$TICK HAS NOT GOTTEN ABOVE 0 ALL MORNING AS OF 10AM - YIKES

PLAN
START BUYING MRIN ON 1ST SIGN OF SUPPORT GETTING TO T2 SIZE 800 SHARES EARLY, SELLING ½ FOR THE BREAK OF THE 1ST PREMARKET PIVOT ABOVE 4.15. SELL ANOTHER HALF AHEAD OF 4.80 BASED OFF OF PRICE ACTION. HOLD AT LEAST 100 SHARES FOR A RUNNER. MAX RISK ON THIS TRADE IS $200.

EXECUTIONS
@9:27 price is holding up just under 4 dollars, respecting the premarket low, entered a feeler size 100 shares
@9:33 support has been established, monster volume coming in on the 1 minute with expansion.
@9:34 opening price reclaimed, moved to 800 shares
@9:41 1st premarket pivot is broken, sold 1/2, massive amount of sellers trying to get filled, most likely a lot of day traders, algo presence is also heavy. Holding 400 with 4.04 AVG. Max stop is low of day 3.80
@10am price is testing vwap and the 200EMA (1min chart), algo presence is ridiculous. Current volume on the day is 27M shares, RVOL is 33,000x. SPY is selling off down to 440 on Russia news and fed commentary. VIX holding over 26
@10:03 VWAP reclaimed on lighter volume
@10:30 testing premarket high, some human activity on the tape, but FADF dominating per usual, not expecting much out of this unless it can break 4.25 – will not be adding due to overall fear in the market. Fed and White House commentary about Ukraine weighing heavily on the markets. SPY once again testing440.
@11:46 huge volume comes in, price spikes to HOD in less than a second, no prints on the time and sales… just spooky HFT price manipulation put into action by the most esoteric fascist robots imaginable. How the fuck is this system good for price discovery?
@11:47-12:30 Price proceeds to move in an unnatural linear downward slope in a robust masterclass of algo manipulation. Mind numbingly, I contemplate the markets under HFT rule… the charts traversing the void sideways into infinity, fluctuating a millionth of a cent every nanosecond, indiscernible to the naïve and hopeless logical price-action-trader… I proceed to slip slowly into madness as I consider moving my stop to break even, watching every tick, knowing full well that as soon as I take my stop the algos will revert price back to the mean in an effort to entice the hotkeys of sentient beings.
@12:31 placed a hard stop and stepped away
@5:16 waited for long shot AH volume sold for a small loss

Key Takeaways
Great trading on the open but let the bots run against you. Low float volume leader/gapper is an extremely popular FADE trade for professional traders. Stop fighting it. Support on opening drive is the only way to play these types of stocks long in this market. They will not make new highs, they will not go limit up, no matter how good the news, they will fade 9/10 times. Just trade the opening range and move. Conserve mental capital.