Poor Entry, bought at top range of pullback anticipating push up to 920. When this trade went against me, i did not exit quick enough. Loosing +2$ on this trade was a blow and I was unable to reenter at a lower point in the pullback. -> Right thesis, poor timing.
The recurring theme in tesla is that I am not sizing correctly to account for range.
I stopped out at the very bottom range of pullback despite only being down 20$. Either get out quicker or see if the trade can hold this level and add size on a 5/1 play.
This was going to make a big move in either direction. -> Adjust size to account for larger range.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-02-19 09:55:54 | TSLA | buy | $911.010 | long |
2020-02-19 09:56:20 | TSLA | sell | $908.820 | 0 |
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