Tags:
Not the way that I wanted to end the day. I have no freaking edge shorting parabolic mean reversion trades, I know that this is not my bread and butter/ my lane and I should avoid these at all cost. I thought 6.5 was getting crazy extended and this was the first time that we had some sort of change in character (candle expansion, volume increasing). I scaled in with a vwap order at 6 and then in the high 5.9 and got stopped out on a massive reclaim candle. It was just unable to put on a lower high. I gave it 2 more shots with less size into 7 and on both attempts it just kept on going. The time of the day was also a disaster I believe. There was clearly signs that a buyer was on the tape + higher float and stair stepping all day.
Every once in a while I need to get dick slap by a parabolic move to remind me that I have no edge shorting front side of these moves. This trade should have never happened.
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2022-08-10 15:27:08 | NVTA | -12 | $5.920 | -12 |
2022-08-10 15:27:08 | NVTA | -88 | $5.920 | -100 |
2022-08-10 15:27:23 | NVTA | -70 | $6.010 | -170 |
2022-08-10 15:27:24 | NVTA | -30 | $5.980 | -200 |
2022-08-10 15:27:33 | NVTA | -42 | $6.030 | -242 |
2022-08-10 15:27:35 | NVTA | -58 | $6.010 | -300 |
2022-08-10 15:27:54 | NVTA | -200 | $6.040 | -500 |
2022-08-10 15:28:00 | NVTA | -50 | $6.040 | -550 |
2022-08-10 15:28:00 | NVTA | -50 | $6.040 | -600 |
2022-08-10 15:28:17 | NVTA | -100 | $6.090 | -700 |
2022-08-10 15:30:49 | NVTA | -100 | $5.920 | -800 |
2022-08-10 15:32:01 | NVTA | -100 | $5.800 | -900 |
2022-08-10 15:32:23 | NVTA | -500 | $5.920 | -1400 |
2022-08-10 15:33:18 | NVTA | 100 | $6.710 | -1300 |
2022-08-10 15:33:18 | NVTA | 47 | $6.710 | -1253 |
2022-08-10 15:33:18 | NVTA | 1253 | $6.710 | 0 |
2022-08-10 15:33:45 | NVTA | -100 | $6.260 | -100 |
2022-08-10 15:34:02 | NVTA | -100 | $6.390 | -200 |
2022-08-10 15:34:11 | NVTA | -193 | $6.400 | -393 |
2022-08-10 15:34:11 | NVTA | -7 | $6.400 | -400 |
2022-08-10 15:34:28 | NVTA | -200 | $6.410 | -600 |
2022-08-10 15:34:43 | NVTA | -100 | $6.530 | -700 |
2022-08-10 15:34:49 | NVTA | -100 | $6.540 | -800 |
2022-08-10 15:38:41 | NVTA | 100 | $6.960 | -700 |
2022-08-10 15:38:41 | NVTA | 100 | $6.950 | -600 |
2022-08-10 15:38:41 | NVTA | 100 | $6.950 | -500 |
2022-08-10 15:38:41 | NVTA | 500 | $6.960 | 0 |
2022-08-10 15:39:17 | NVTA | -100 | $6.570 | -100 |
2022-08-10 15:39:34 | NVTA | -63 | $6.660 | -163 |
2022-08-10 15:39:35 | NVTA | -37 | $6.660 | -200 |
2022-08-10 15:40:01 | NVTA | -100 | $6.690 | -300 |
2022-08-10 15:41:21 | NVTA | -100 | $6.660 | -400 |
2022-08-10 15:41:31 | NVTA | -400 | $6.700 | -800 |
2022-08-10 15:41:50 | NVTA | 800 | $7.090 | 0 |
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thanks for making me laugh on the slap comment lol should have just venmo'd me btw