Open
- The stock had broken down past the consolidation level AND was now also looking to break down past the VWAP. Took my first entry. On the break of the VWAP. Second and third entry on the break lower.
- I was very risky with this because I held it much longer than I usually would have held this stock. In a way it was my greed that was playing into reaction of whether to take a partial or not yet.
- I was inclined to hold this because of the many times it had rejected the break of the previous consolidation level and the immediate rejection and break to the VWAP that made it very enticing to get in for a short to the downside. Took my partials once the stock broke down to 2R and 2.5R
Reflection
- The decision to stay in the trade for this long was purely out of greed honestly.
- I do remember however watching the levels and volume break down for confirmation.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-06-27 10:43:33 | TSLA | sell | $244.530 | short |
2023-06-27 10:44:01 | TSLA | sell | $244.480 | short |
2023-06-27 10:44:51 | TSLA | sell | $244.440 | short |
2023-06-27 11:05:54 | TSLA | buy | $242.650 | short |
2023-06-27 11:07:18 | TSLA | buy | $242.080 | short |
2023-06-27 11:11:37 | TSLA | buy | $242.680 | 0 |
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