PREMARKET NOTES
Stock has more bad news coming out about competition.
Looking like price wants to test the hourly lows.
Resistance 268.50
Support 264 260
Most share premarket have been traded at or just above 267.50
If stock makes strong move over 268.50 then I will look to go long. And sell when buying goes away
If stock trades under 267.50 and looks weak then I will short.
INTRADAY NOTES
932 got short as the price rejected off 268.50s and sold off under PDC. Added to my position as price moved in my favor and began to break the premarket lows.
My first profit target was 264 but I took profits early as I saw a little buying come in around 265, this was a mistake as I didn’t stick to my plan. I had some trouble with the hot keys and could not get as big as I had wanted. I added when we broke down.
I put an order in to buy all at 260.20 which we missed and bounced off at 25c so I had to cover manually at 261s
i could have done a better job of getting bigger if i had been able to add on the pullback above 264.
also based on the pace with which the stock was selling off, i could have reasoned that we would likely break through the 264 support area, as we had barely moved 50% ATR
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-04-15 09:31:15 | TSLA | sell | $267.400 | short |
2019-04-15 09:32:16 | TSLA | sell | $267.060 | short |
2019-04-15 09:33:49 | TSLA | sell | $266.000 | short |
2019-04-15 09:35:20 | TSLA | buy | $265.220 | short |
2019-04-15 09:42:11 | TSLA | sell | $263.130 | short |
2019-04-15 09:42:21 | TSLA | sell | $262.510 | short |
2019-04-15 09:48:27 | TSLA | buy | $261.490 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!