Shared by
WesleyR_BOWS
SIM DAY #22
Shares Traded (Day): 3,200
Closed P&L (Day): $1,935.00
Had two quick plays today at the open, both for shorts. SPY was down the first 5 minute candles and $FB and $TSLA were following suit. Took the trades short and played the opening flush. 2 for 2 on the day in the green.
Shares traded: 1,600 (TSLA only)
Closed P&L: $1,114.00 (TSLA only)
Took the trade for a short after SPY was down on the day. Saw a pullback on the five minute candle all the way to the 9EMA. Added to my position, with a stop just above the 20 EMA. Then just rode the price down the opening flush. Took profits along the way and sold all remaining shares as the price began to hold support and begin to bounce.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-02-05 09:36:53 | TSLA | sell | $169.490 | short |
| 2016-02-05 09:45:03 | TSLA | sell | $170.300 | short |
| 2016-02-05 09:47:24 | TSLA | buy | $168.870 | short |
| 2016-02-05 09:47:52 | TSLA | buy | $168.470 | short |
| 2016-02-05 09:52:51 | TSLA | buy | $168.680 | short |
| 2016-02-05 09:53:05 | TSLA | buy | $168.470 | short |
| 2016-02-05 09:55:02 | TSLA | buy | $167.960 | short |
| 2016-02-05 09:55:32 | TSLA | buy | $167.800 | short |
| 2016-02-05 09:56:42 | TSLA | buy | $167.840 | short |
| 2016-02-05 09:57:14 | TSLA | buy | $167.160 | 0 |
Comments
WesleyR_BOWS
Yes it was such a clean and easy play to see. Having it pullback to the EMAs gave a great entry point to add to my position. If the trade had gone red to green, I could have got out just on the other side of the 20EMA for a small lost. Great reward to risk ratio!
LPeriman_BOWS
To go green, this would have had to go 5 bucks north, so I'm not clear on what you meant. But I do love that second entry for the short.
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Really nice on the 2nd entry. Man! This could have been an epic trade!!!!