-Shorted the opening from the clear 800 resistance premarket level. Didn't take profits as I got greed and wanted more. Starter size. It was either cover all for the profit or stop out.
9:32am - 945am
-When the premarket level broke out and stopped me out of my short, I was convince that TSLA would run to the next resistance at 807. The tape was very strong when the break out happened. During the pull back to 800 the volume and activity was slow and weak. the stock held around 800+/- I decided to add to my long. My sizing got out of hand. I stopped out to reset. Got back in again using 795 whole as a stop loss, added on the push up and got faked up.
9:48am - 9:56am
-Once I lost on the long side thinking I got faked out, I got short again. As I saw the reversal, I tried holding on to see if it was only a retracement, but the tape was so strong back through 795. I stopped out and my sizing was an indication of revenge.
9:56am - 10:02am
-Bought the 800 breakout once again as the tape showed strength. Initially scalped 50 shares for 1.50/share gain. I was now worrying about the PNL and staring at it.
10:04am - 10:05am
-The 800 Breakout pulled in and this time held 800 true, The tape did not fall below 800 during the retest so I got long looking for the next resistance 807. Peeled out most of it as it came to my target, my priority was now to keep every single dollar and regain my lost.
10:08am -10:14am
-Added back the share I took off on another higher low and peeled that off once again at resistance. Holding a core. Finally got flat as the uptrend was broken. I ended up making back all that I've lost in the morning and back to square one dead even after this long.
10:22am - 10:55am
-Seeing the uptrend was broken and the stock was overextended, I started on the short side. The play was to take it back down to VWAP. Starter size and added as it came to HOD at 815 anticipating a dbl top. I got stopped out.
10:55am - 11:16am
-Tried to reshort as each breakout failed as a fake out. Each time I would get stopped out by a few dollars and the the stock would reverse and go in my intended direction, by this time I was taken for a roller coaster ride. I eventually gave up on the short idea after multiple tries. My mental state was in shambles and I don't think I could keep trading and perform well on the day so I shut it off.
11:20am - 12:22pm
Shares Traded: 900
PNL: -240
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-05-11 09:32:40 | TSLA | sell | $797.130 | short |
2020-05-11 09:45:43 | TSLA | buy | $801.340 | 0 |
2020-05-11 09:48:02 | TSLA | buy | $800.960 | long |
2020-05-11 09:50:04 | TSLA | buy | $798.840 | long |
2020-05-11 09:53:14 | TSLA | sell | $796.190 | 0 |
2020-05-11 09:53:24 | TSLA | buy | $796.970 | long |
2020-05-11 09:53:37 | TSLA | buy | $797.310 | long |
2020-05-11 09:55:58 | TSLA | sell | $792.820 | long |
2020-05-11 09:56:17 | TSLA | sell | $793.460 | 0 |
2020-05-11 09:56:25 | TSLA | sell | $792.850 | short |
2020-05-11 10:02:12 | TSLA | buy | $798.010 | 0 |
2020-05-11 10:04:09 | TSLA | buy | $800.470 | long |
2020-05-11 10:05:29 | TSLA | sell | $801.990 | 0 |
2020-05-11 10:08:21 | TSLA | buy | $800.540 | long |
2020-05-11 10:14:04 | TSLA | sell | $805.950 | long |
2020-05-11 10:22:05 | TSLA | buy | $801.990 | long |
2020-05-11 10:27:10 | TSLA | sell | $806.510 | long |
2020-05-11 10:29:57 | TSLA | sell | $810.210 | 0 |
2020-05-11 10:39:41 | TSLA | buy | $809.000 | long |
2020-05-11 10:45:13 | TSLA | sell | $812.690 | long |
2020-05-11 10:55:12 | TSLA | sell | $811.000 | 0 |
2020-05-11 10:55:42 | TSLA | sell | $810.800 | short |
2020-05-11 11:15:04 | TSLA | sell | $813.760 | short |
2020-05-11 11:16:12 | TSLA | buy | $816.720 | 0 |
2020-05-11 11:20:14 | TSLA | sell | $814.810 | short |
2020-05-11 11:23:34 | TSLA | buy | $817.740 | 0 |
2020-05-11 11:28:15 | TSLA | sell | $816.110 | short |
2020-05-11 12:03:13 | TSLA | buy | $816.310 | 0 |
2020-05-11 12:05:44 | TSLA | sell | $814.900 | short |
2020-05-11 12:16:39 | TSLA | sell | $814.790 | short |
2020-05-11 12:22:21 | TSLA | buy | $815.350 | 0 |
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