Shared by
wperiman
Took a 1/3 size position (because timing the top is lower percentage trade) to just see if TSLA would double top, or 1-2-3, since it was so extended and running into the 200 SMA. I covered half of the shares as it approached previous support with the intention of going in full if it broke down right there. It didn't, so I exited as it broke up above the trend
http://screencast.com/t/6qMfZbYwn7
In hindsight, I should have held on to see if it could hold resistance, but getting towards end of day and TSLA has been killing shorts for weeks.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-03-17 14:43:24 | TSLA | sell | $227.803 | short |
| 2016-03-17 15:16:28 | TSLA | buy | $226.390 | short |
| 2016-03-17 15:26:44 | TSLA | buy | $227.240 | 0 |
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