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foldelinio_BOWS
96.88M float/25.55% short float/56.90% institutionals
playbook"Amazing new product...blabla...it's not a car...blabla." Stock showed good reaction to news yesterday and I will look for further upside + short squeezes. Product launch is Thursday 8am and I'm expecting an $AAPL - like buy the announcement/sell the keynote behaviour.
Sympathy play: $SCTY
Stop: 191.25$
R: -0.5
Well...this is, what a bad entry can do. The stock bottomed out at 190.50$ and I should have bought it there. I went in on the break of 191.50$, it went up a little, but then I had to puke on the retracement. I also expected more upside from this idea, but the overall market was weak as well and the stock was still in a downtrend. Nevertheless, this loss was due to bad trade location, wrong timing and missmanagement.
Proper trade would have been: Long at 190.60$ after flush into support held. Stop at 190.20$ for a 40ct risk and first scale at 191.50 retest for a 2:1 scale and another dollar upside.
You have to trust your ideas more!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-31 10:50:15 | TSLA | buy | $191.590 | long |
| 2015-03-31 10:53:43 | TSLA | sell | $191.734 | long |
| 2015-03-31 10:57:44 | TSLA | sell | $191.240 | 0 |
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Yes I am stalking this one too. I like the way you view stocks, I am not that smart so I rely on my OCD and your commentary. ;-0