Shared by
A-K_MoneyBagz
I am an RSI reversion to mean trader. I usually day trade. So for this one I simply saw a gap up. The "pump" was immaculate, especially given current market conditions. The morning RSI showed it was RIPE for a short so I pulled the trigger NO hesitation. Worked out very well!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-06-27 09:31:07 | TSLA | sell | $754.000 | short |
| 2022-06-27 09:36:37 | TSLA | buy | $739.800 | 0 |
Comments
A-K_MoneyBagz
2022-07-01 09:55:32
Thanks, um to be honest I probably would have increased my position. I strictly trade the RSI and it told me there was a pull back to be had. The trick is not over leveraging and getting out when targets are hit!
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Nice trade! That 755 was key daily resistance lined up with the pre-market high which can act as a great point of interest for sellers and shorts. Curious on what your stop loss would have been on this trade if tesla had consolidated here and broke out of 755 with aggressive bids stepping up?