TSLA Trade on Jan 15, 2021 11:31 from spyrosz: Tradervue User Stock Trades.

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spyrosz

 

Always on main watch for signs of topping out. It was gapping higher pre-market right into the $860 seller who has managed to hold it down for 3 consecutive days.

Seeing it holding so well those prices after such a run, it was the 1st day that I thought bullish wanting to get "long" only if it broke and held above R1=$860, risking below the level, expecting a test of R2=ATHs=$885.

Opened strong and popped right into R1, started wedging below R1 but never triggered. Tried three times towards $860 but got rejected putting some nasty long upper wicks. Market rolled-over and this thing got hammered. Sold-off thru S1=opening print=$850 and S2=yesterday's close=premarket low=$845 right into S3=$835.

(-) Terrible trading reaction #1 = inability to flip due to initial bullish bias caused me to miss a VERY calculated short trade. Risk vs $860 on the dot to be rewarded with instant $20 flush, can't get better than that and that's your day...

Stayed with it, waited for the 9EMA@15min to play a bit of catch up with price, and at the retracement to S2=$845 aligned with VWAP + 9EMA@15min chart,

got short Tier 0, risking above VWAP, added another tier once it started holding below S2=$845 to the penny, expecting a retest of S3=LOD=$835, then flatline consolidation close to lows and next leg lower to tag 9SMA@daily=$819.

Small covers on the way to LOD, broke below, flushed to $832 but tape flushed green as it got bought instantly! and reclaimed LOD.

Covered 80%, held small trailer just in case, got stopped out when it violated the downtrend.

(-) Terrible trading reaction #2 = stopped paying attention, and I was rewarded with another $20 miss in the afternoon session, as it tagged VWAP, got rejected and flushed right into the 9SMA@daily.

--> when momo is there, always put alerts at key levels to get involved again and again and again.

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Execution detail:

Date/time Symbol Side Price Position
2021-01-15 11:31:49 TSLA sell $843.760 short
2021-01-15 11:37:05 TSLA sell $843.040 short
2021-01-15 11:44:37 TSLA sell $843.030 short
2021-01-15 12:29:45 TSLA buy $837.200 short
2021-01-15 12:57:52 TSLA buy $835.210 short
2021-01-15 13:08:08 TSLA buy $835.160 short
2021-01-15 13:08:15 TSLA buy $835.610 short
2021-01-15 13:18:38 TSLA buy $839.610 0


Comments

2021-01-16 20:28:16
 

Great analysis! Thanks

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