Nothing attention grabbing moving in premarket
- One of those stocks you watch on quiet days.
- TSLA, MC, ETB, ATR: $7.13, Max shares 57 @$.75R
Open
- At the moment I believe I was spotting out a downside break of the VWAP on good chart and volume confirmation. Got out early on first entry because I didn't like how it rejected right away. Second entry I got in initial entry again and added on what seemed to be a pull back that then stared to consolidate and start moving back to the upside. I got out completely before it broke against me and the trade did indeed go past VWAP and never came back.
Reflection
- Nice active management of the stock based on the price action and volume. The break down the VWAP didn't happen as strong and as large as I thought it would and so I was even more careful on it.
- Good R:R and entries for best risk management.
- Satisfied on how I handled this losing trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-05-22 10:03:09 | TSLA | sell | $183.470 | short |
2023-05-22 10:05:07 | TSLA | buy | $183.980 | 0 |
2023-05-22 10:06:30 | TSLA | sell | $183.460 | short |
2023-05-22 10:11:54 | TSLA | sell | $183.110 | short |
2023-05-22 10:15:08 | TSLA | buy | $183.260 | 0 |
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