This setup nicely for a 10 ema strategy , however the breakdown did not occur as cleanly as i wanted and we chopped around for ages. The best trades are the ones that pull back for 2 3 mins candles and then flush.
There was a strong candle of buying so I panic sold because I have seen this kind of behaviour and thought we were going to rally and I wanted to keep my losses small.
Annoyingly this shook me out and the stock ended up reaching my 1.2 R profit target, but I would not have sold here anyway, my target was down at $682.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-07-06 10:20:39 | TSLA | sell | $687.700 | short |
2022-07-06 10:32:02 | TSLA | buy | $689.900 | 0 |
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