Shared by
shefmcoy
ATR 9.61
Shares 129M
Short 20%
Avg Vol 8.4M
1.2M -Premarket Vol
Big Picture
Big deliveries drop for Tesla in Q1. Also a price target cut to 365.
Intraday Technicals
Dropping over 10% pre-market from 290s down to 262 big support in the 255 area. Short term overhead resistance 275, 270
Watch for reversal or range to begin in either direction around 266 to the upside and 257 to the downside
Managing the Trade and Reading the Tape
I bought as I saw the price had popped up at the open and held above vwap my stop was 263.39 I added on the pull back after pop as I saw velocity on the bids increase at the 264.25. Took profits early to reduce risk and the rest at slow around 268
Trade Review
Did you calculate proper share size and technical stop loss level?
yes
Did you have patients and fight for the best price using the tape?
yes but didnt wait or watch very long
Did you trade with the overall trend of the stock/market? If not the did you take profits early to reduce risk accordingly?
yes
B+
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-04-04 09:38:18 | TSLA | buy | $264.490 | long |
| 2019-04-04 09:41:09 | TSLA | buy | $265.340 | long |
| 2019-04-04 09:42:08 | TSLA | buy | $265.310 | long |
| 2019-04-04 09:43:22 | TSLA | sell | $266.250 | long |
| 2019-04-04 09:45:31 | TSLA | sell | $267.580 | 0 |
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