Shared by
metp2202
Tags:
Only one trade today, thought that there was meat for a fade on VERU after we cleared 13.5 at9:41 am and then totally failed right back down below green to red. I saw the 10:09 candle as an opportunity to start scaling in small size, I gave myself a little bit of room as I thought that the trade was still valid up to 13.5. When I saw the higher low forming above green/red that was the confirmation that I was wrong so I ate the loss. I did a good job at avoiding it in the afternoon, the only trade that was potentially worth taking was the head and shoulders at 14.3 ish in the morning (good overhead resistance + short got bent two times + lack of volume for continuation).
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2022-05-16 10:09:21 | VERU | -100 | $12.990 | -100 |
| 2022-05-16 10:09:41 | VERU | -100 | $12.870 | -200 |
| 2022-05-16 10:10:10 | VERU | -100 | $12.860 | -300 |
| 2022-05-16 10:10:10 | VERU | -100 | $12.891 | -400 |
| 2022-05-16 10:10:37 | VERU | -100 | $12.880 | -500 |
| 2022-05-16 10:10:51 | VERU | -100 | $12.926 | -600 |
| 2022-05-16 10:10:54 | VERU | -70 | $12.960 | -670 |
| 2022-05-16 10:10:55 | VERU | -30 | $12.970 | -700 |
| 2022-05-16 10:11:24 | VERU | -100 | $12.950 | -800 |
| 2022-05-16 10:20:57 | VERU | 800 | $13.418 | 0 |
Comments
metp2202
Give me a sound reasoning. If intrinsic value is shit and there’s context for a short on day 2 I don’t mind getting pretty aggressive into pocket of liquidity (ie short when longs are trapped). Current environment is rough and lack of proper odrder flow is mostly the problem rn imo.
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Try not to short 2nd Day after a big Green day.