Morning TSLA trade
REASON TO ENTER:Failure after multiple attempts to break resistance
RISK: .25 / $100.00
THE TRADE: I watched TSLA fully expecting it to tap resistance of the 20 & 200 MA'S but it never could get there....My entry was somewhat "gambly" because the VWAP was there to support but I saw that the wicks on the candles were making lower highs...not a real valid set up "gambly" I covered 1/2 of the position shortly after TSLA broke the vwap dropping nearly $1.00.
REASON TO EXIT: Ordinarily I would have scaled out another portion of my shares as TSla was reaching a support area near $217.50's and held the balance for lotto but had a personal commitment and closed out my trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-06-17 10:20:00 | TSLA | sell | $219.760 | short |
2016-06-17 10:25:00 | TSLA | buy | $218.740 | short |
2016-06-17 11:05:00 | TSLA | buy | $217.910 | 0 |
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