Shared by
WesleyR_BOWS
SIM DAY #21
Shares traded: 600
Closed P&L: $920.00
After the stock gapped down at the open and flushed, I noticed the possible trend reversal as price broke over the 9 and 20 EMAs. I took it for a long on the break of the EMAs with my stop just below them. This gave me a very good reward to risk ratio on the setup. Took some profits at the first level of support from the previous day's closing minutes, then took more once price reached previous days close. Got out the trade as price price began to consolidate and flag.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-02-04 09:59:07 | TSLA | buy | $170.200 | long |
| 2016-02-04 10:07:53 | TSLA | sell | $171.980 | long |
| 2016-02-04 10:13:19 | TSLA | sell | $173.700 | long |
| 2016-02-04 10:13:39 | TSLA | sell | $173.860 | long |
| 2016-02-04 10:16:25 | TSLA | sell | $174.380 | 0 |
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