Shared by
AtlasVanguardPaperTrading
I can clearly see in hindsight that the wicks on top were way more aggressive looking than the buying pressure indicators in price action. This should have been a VWAP bounce short to really make the money.
Size in over 808 light and then if the VWAP doesn't hold GET HUGE and cover quickly into 802. $5 scalp would have printed. Its hard to be mentally nimble especially on a ticker like TSLA but this trade should be easy to spot next time. I am going to add this trade to a Market Lessons folder since it is the opposite of a playbook.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-10-12 10:01:49 | 15 OCT 21 850 CALL | buy | $0.7400 | long |
| 2021-10-12 10:02:34 | 15 OCT 21 850 CALL | sell | $0.8800 | long |
| 2021-10-12 10:10:18 | 15 OCT 21 850 CALL | sell | $0.7700 | 0 |
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