Shared by
josephhackett_BULLS
TSLA was my only trade today
REASON TO ENTER: Held support of 50 ma 3 candles entered my trade on the fourth
RISK: in original trade was .42 p/s or $42.
TARGET: #1 just below VWAP
TSLA today ended up being a trade that went from support to resistance several times today.
My trade plan was to buy the dips and sell at resistance....I had my resistance level anticipation in my plan at $240. which was yesterday's high...TSLA could not get passed where it closed yesterday in the $235. area.I traded the support /resistance trend most of the day....my real money was made in the last 15 minutes of the day when TSLA finally broke support...I loaded up 300 shares and shorted with my risk at VWAP which was just above...TSLA broke hard in a matter of minutes..I exited my position as it was near the end of the trading day...worked a lot harder in the "long" position >>>(6 hours) then I did in the short (15 minutes)....it would be nice if they were all that easy.....definitely worth hanging out for the possible "crack".
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-06-09 09:46:00 | TSLA | buy | $232.590 | long |
| 2016-06-09 09:47:00 | TSLA | sell | $233.450 | long |
| 2016-06-09 10:40:00 | TSLA | buy | $232.660 | long |
| 2016-06-09 10:42:00 | TSLA | sell | $233.340 | long |
| 2016-06-09 10:50:00 | TSLA | sell | $234.390 | long |
| 2016-06-09 12:30:00 | TSLA | buy | $232.740 | long |
| 2016-06-09 12:35:00 | TSLA | sell | $233.710 | long |
| 2016-06-09 13:30:00 | TSLA | sell | $234.270 | 0 |
Comments
josephhackett_BULLS
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I really like this play. You literally got in at every dip