TSLA Trade on Jun 22, 2016 10:07 from MAllum_BOWS: Tradervue User Stock Trades.

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MAllum_BOWS

 

Got in for the run up as TSLA bounced on VWAP but I should have waited for it to come back a bit closer to the VWAP to get a lower risk trade. The R:R was good, about 2.5 to 1. Got in with 100 shares but did not follow process & do a risk-adjusted calculation here. When it help above the 9EMA and put in a hammer and had very low volume on the 2 pullback candles, it looked like it was going to break above the recent high, so I added $50 more. Should have waited until it got to my target to start taking profits but a bit of fear got into me as the target seemed so very far away and it had gapped down pre-market. Instead I scaled out in 1/4s. Happy with that but not sure how this would affect my commissions.
Got in again at the high but I though it would have bounced again on the 9MA since after the big red candle it put in a small spinning top which I though meant the bears couldn't get it to go any lower. Though it would bounce again to meet the 200MA resistance and then fall.
Got out quickly when it broke under the 9MA & the recent lows.


Execution detail:

Date/time Symbol Side Price Position
2016-06-22 10:07:59 TSLA buy $201.010 long
2016-06-22 10:45:34 TSLA buy $201.170 long
2016-06-22 10:47:31 TSLA sell $201.850 long
2016-06-22 10:50:43 TSLA sell $202.790 long
2016-06-22 10:57:17 TSLA sell $203.920 long
2016-06-22 11:01:31 TSLA sell $205.430 0
2016-06-22 11:26:05 TSLA buy $203.950 long
2016-06-22 11:30:04 TSLA sell $203.460 0


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