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JRockTrades
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Second day in a row, best trade was TSLA. I definitely could have been bigger on this one, it was a good opportunity and I had plenty of risk left for the day.
TSLA has been in a long term downtrend, but today looked strong. I have no problem trading it long on days like this as it can definitely make large moves on the right day.
Someone called out TSLA strength in early market. I took a position buying a dip to VWAP and $605 level with a $1 stop. The trade pretty quickly stared working and I sold my first shares just below the open market high. Began piecing them out at increasing profit targets.
Ultimate target was just below the longer term downtrend line, which was in the $616 area. At that point it would be at about 3/4 of an ATR. In the end, all my profit targets were met and I got over $10 from the final sale.
There was a golden opportunity to add to my position on the dip to VWAP. In the future I'd like to take that trade also. Things to work on!
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-06-17 09:44:17 | TSLA | 10 | $605.000 | 10 |
| 2021-06-17 09:47:08 | TSLA | -2 | $608.150 | 8 |
| 2021-06-17 09:47:27 | TSLA | -2 | $608.801 | 6 |
| 2021-06-17 09:48:19 | TSLA | -2 | $609.569 | 4 |
| 2021-06-17 09:50:28 | TSLA | -1 | $610.675 | 3 |
| 2021-06-17 10:21:12 | TSLA | -1 | $611.560 | 2 |
| 2021-06-17 10:25:09 | TSLA | -1 | $613.150 | 1 |
| 2021-06-17 11:13:06 | TSLA | -1 | $615.530 | 0 |
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