Lost S1=major daily support/inflection point=yeseterday's close=$655 premarket and moved to $645. That gave me confidence to put offer right into S1=$655.
Premarket plan was to get short the opening pop to S1, expecting brutal rejection there and a move to $620s (where it found support 1st time it got really hit).
Played per plan. Rallied into R1, offer for Tier 0 got hit risking stop above S1 $660s, expecting the move to $620. Then re-evaluate based on price in case it wanted lower $600.
Immediately noticed the huge bid for 20,000 shares at $629.11. The guy sat there even when price went to $632s, that led me to believe he was legit. Actually stayed for so long that I took a screenshot for future reference. At 1st retracement + rejection to VWAP,
added Tier I, risking $646 for the add, and then added one momo tier as it moved lower, tightening stop to VWAP rejection $644 for the whole size, expecting $629.11 to come fast.
Placed bid for bulk at $629.16, 5c above the guy.
Got hit, and in my attempt to place last bid to get flat at $621, made mistake and got flat.
(+) Traded premarket plan well, nice executions, good tape reading. Nice overall trade.
(-) I should have reloaded some size at the rally back to S1=$655. What the hell I was thinking?? Major miss!!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-03-19 09:37:53 | TSLA | sell | $653.820 | short |
2021-03-19 09:54:27 | TSLA | sell | $639.410 | short |
2021-03-19 10:00:16 | TSLA | sell | $637.020 | short |
2021-03-19 10:04:27 | TSLA | buy | $629.160 | short |
2021-03-19 10:06:20 | TSLA | buy | $629.780 | 0 |
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