Shared by
metp2202
Tags:
Raw momentum, I did a good job not stepping in front of this one, would have been nice to get more fade at the end of the day below 9 but I could clearly see that it was lacking aggression and that was a red flag so I took it off for a peanut gain...
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2022-08-26 14:39:53 | NERV | -1000 | $9.620 | -1000 |
| 2022-08-26 14:42:17 | NERV | -200 | $9.615 | -1200 |
| 2022-08-26 14:42:19 | NERV | -150 | $9.490 | -1350 |
| 2022-08-26 14:42:19 | NERV | -150 | $9.490 | -1500 |
| 2022-08-26 14:42:19 | NERV | -12 | $9.490 | -1512 |
| 2022-08-26 14:42:19 | NERV | -688 | $9.481 | -2200 |
| 2022-08-26 14:42:19 | NERV | -3 | $9.490 | -2203 |
| 2022-08-26 14:42:19 | NERV | -150 | $9.490 | -2353 |
| 2022-08-26 14:42:19 | NERV | -75 | $9.490 | -2428 |
| 2022-08-26 14:42:19 | NERV | -46 | $9.490 | -2474 |
| 2022-08-26 14:42:19 | NERV | -9 | $9.490 | -2483 |
| 2022-08-26 14:42:19 | NERV | -600 | $9.490 | -3083 |
| 2022-08-26 14:42:19 | NERV | -75 | $9.490 | -3158 |
| 2022-08-26 14:42:19 | NERV | -42 | $9.490 | -3200 |
| 2022-08-26 14:44:06 | NERV | 50 | $9.260 | -3150 |
| 2022-08-26 14:44:06 | NERV | 50 | $9.270 | -3100 |
| 2022-08-26 14:44:07 | NERV | 50 | $9.270 | -3050 |
| 2022-08-26 14:44:07 | NERV | 50 | $9.260 | -3000 |
| 2022-08-26 14:44:09 | NERV | 100 | $9.270 | -2900 |
| 2022-08-26 14:44:13 | NERV | 100 | $9.258 | -2800 |
| 2022-08-26 14:44:18 | NERV | 100 | $9.300 | -2700 |
| 2022-08-26 14:44:19 | NERV | 21 | $9.290 | -2679 |
| 2022-08-26 14:44:20 | NERV | 79 | $9.290 | -2600 |
| 2022-08-26 14:51:50 | NERV | 100 | $9.470 | -2500 |
| 2022-08-26 14:51:50 | NERV | 100 | $9.470 | -2400 |
| 2022-08-26 14:51:50 | NERV | 2400 | $9.480 | 0 |
Comments
AndyBhanver3
Nice management on the trade, for you first two short entries, was your stop positioned over the 9.8 level or hod? and then when you added bigger size into this setup, did you put a stop for the whole position at break even which is what it looks like or am I mistake?
metp2202
Correct @Andy, I think that first entry I was using a bit of discretion on the exit, at worst I believe that I would have puke a little higher than 9.85, I think that you need to leave some wiggle room for a name like this. When I started adding I wanted to see aggression coming in pretty fast so any rejection to break 9.5 was a big red flag. I prob moved my stop to 9.6 roughly.
FailureUncharted
Have you always been a short bias trader or do you trade both sides depending on trend of the day?
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Solid entries and adds on momentum downwards. Great executions overall!