Shared by
mrratchet
thought this was a short, noticed a level($30.) that kept getting rejected in premarket so decided to enter if it got rejected again. I hesitated out of fear but jumped in late. partialed at $0.50 and waited.... then I noticed that the SPY was dropping and RIVN kept rejecting going lower, then @9:36 volume on the 1min chart peaked higher than average and I closed short position.
waited for another rejection short. I used $29.30 as a stop and entered after 3 partials and added on what I thought was a rejection of VWAP......nope sucker kept dropping......stopped me out and made the turn for an even bigger move.
hindsight there was a signal it wasn't going any lower and I could've re-entered there, OH well..
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-05-02 09:30:15 | RIVN | sell | $29.790 | short |
| 2022-05-02 09:32:22 | RIVN | buy | $29.490 | short |
| 2022-05-02 09:36:24 | RIVN | buy | $29.460 | 0 |
| 2022-05-02 09:38:27 | RIVN | buy | $29.520 | long |
| 2022-05-02 09:42:34 | RIVN | sell | $30.040 | long |
| 2022-05-02 09:42:52 | RIVN | sell | $30.140 | long |
| 2022-05-02 09:54:18 | RIVN | sell | $30.590 | long |
| 2022-05-02 09:54:19 | RIVN | sell | $30.605 | long |
| 2022-05-02 10:02:51 | RIVN | buy | $30.169 | long |
| 2022-05-02 10:11:37 | RIVN | sell | $29.870 | 0 |
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