Shared by
kerobo0000
Daily Report Card:
-stock/market morning prep: 5/10
-distractions/distracted: 0/10
Rationale:
-TSLA gapping down 1.6%
-slight news catalyst: WMT sues TSLA over solar panels; panels at 7 stores caught fire
-note today FOMC released the minutes
How much risk should/did I take? $978 of risk; a bit light want it to be closer to 10% of acct
Recap:
How could I have traded this better?
-by being better prepared and looking at the market big picture and stock big picture
-by being trading to the short side, given TSLA was in downtrend + negative news catalyst (even though it wasn't too negative)
-by closing out remainder of position on lower high
Gain/loss relative to expected gain/loss:
-gain slightly lower than expected; continue to hone in on trade management rules
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-08-21 09:36:09 | AUG23 19 225 CALL | buy | $1.630 | long |
| 2019-08-21 09:41:29 | AUG23 19 225 CALL | sell | $2.120 | long |
| 2019-08-21 09:51:41 | AUG23 19 225 CALL | sell | $2.170 | long |
| 2019-08-21 09:54:18 | AUG23 19 225 CALL | sell | $2.020 | long |
| 2019-08-21 09:58:32 | AUG23 19 225 CALL | sell | $1.870 | long |
| 2019-08-21 09:59:14 | AUG23 19 225 CALL | sell | $1.770 | 0 |
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