Shared by
spyrosz
3-day rally from $700 now in-front of significant resistance R1=previous support pivot $885=20SMA@daily $878s, R2=9SMA@weekly=$908s.
Premarket plan was to get "short" at the opening pop to R1=$885, risking tight stop to $890s, so as to be able to re-evaluate closer to R2=$908 if it went through.
Choppy open, but what a sudden pop out of nowhere right into offer:
-- got short Tier 0, risking $891 stop, expecting brutal rejection there, sharp move away from level. 1st target was VWAP=yesterday's close at a minimum, LOD where I wanted to cover bulk.
Played exactly per plan, I traded per plan as well.
Flush before the close to low $850s to get flat small trailer was a nice gift:)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-03-01 10:25:51 | TSLA | sell | $884.780 | short |
| 2022-03-01 11:02:18 | TSLA | buy | $868.910 | short |
| 2022-03-01 11:33:37 | TSLA | buy | $861.110 | short |
| 2022-03-01 15:51:12 | TSLA | buy | $855.650 | short |
| 2022-03-01 15:54:56 | TSLA | buy | $861.140 | 0 |
Comments
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Good job! I missed that trade. I had shorted earlier. Like many others like me, trading against institutional traders. Ended up with short squeeze, Tesla reached that point. I could buy earlier to exit but I didn't. I could exit and enter short again like you at that point. I was frozen with that short squeeze. Yeah end of today's story :))