The set-up: Break Down Noon (After 11 AM Trade)
Yes, again TSLA trade. I am tripping with this stock again. At this time, I see TSLA keep pushing down and break my key support I was watching. Enter a SHORT position into support broke and get violating. having a small stop loss into place. Risking only $1. Well, this not work and getting trap by SHORT Seller cover there position :) (SHORT AT SUPPORT OR DEMAND ZONE ITS ALWAYS A RISKY PLAY AND WHERE I WILL LEARN?)
Costing me $50 for nothing - No love with this stock.
What I did Right:
1) Respect my trade, entries and stop loss - Market goes either way! But I get fully protected at a small loss because I respect my stop loss. That why, this small loss but fully protect my whole morning gain/green!
What I did Wrong:
1) Kind of FOMO and pushing myself into trade where is already 11 am ( And 3rd different stock I trade in A DAY)
2) Bad executed. Keep watching my key level, but why SHORT AT SUPPORT?
Where I could improve:
Not Trade TSLA anymore
Trade grade: FAILED
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-10-18 11:40:31 | 21 OCT 22 220 PUT | buy | $9.900 | long |
2022-10-18 11:45:00 | 21 OCT 22 220 PUT | sell | $9.400 | 0 |
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