TSLA Trade on Jun 12, 2020 10:32 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

N/a

Catalysts / News / Painting the picture

-Tesla to make ventilators for free for US
-China sales hit high in March
-Tesla bringing back Model 3 to Chinese market
-Earnings: Tops Q1 earnings and revenue estimates
-Jun 11 2020: Stopping solar roof houses, giving back deposits

Technical Analysis

-SPY pattern: Fade
-Intraday pattern: Fade
-Levels: 920, 930, 950, 970, 988

Strategy / Confluence / Sizing Guide / Risk

Strategy: FT-15 long of 950 level
Confluence: Gap Fill, Whole $
Strike Zone: 954 - 950
Sizing (lots): 5
Risk (stop / Rs): Hold below 950

Review / Lessons Learned

SPY dragged it down further than anticipated - through the range rather than holding above it. Had to use emergency lots to minimize the loss. Second time this week that TSLA goes further than anticipated.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-06-12 10:32:30	TSLA	buy	$954.300	long
2020-06-12 10:36:05	TSLA	buy	$953.890	long
2020-06-12 10:36:18	TSLA	buy	$952.500	long
2020-06-12 10:36:50	TSLA	buy	$950.830	long
2020-06-12 10:39:57	TSLA	buy	$943.240	long
2020-06-12 10:41:04	TSLA	sell	$949.870	long
2020-06-12 10:42:35	TSLA	sell	$950.840	long
2020-06-12 10:43:01	TSLA	sell	$950.830	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=15781549&end=20200612110901&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=15781549&end=20200612121001&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=15781549&end=20200612160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=15781549&end=20200712&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

donolson

2020-06-15 00:32:05

Adding to a loosing trade can sometimes work and other times bite you in the a$$.

beno

2020-06-15 07:06:47

The first adds were part of the plan, scaling in. The last one was an emergency add to minimize the loss. Stocks rarely plow through the entire congestion zone without some sort of a bounce; if they do its a black swan and there's not much you can do to prevent that.