Assumption:
TSLA looks due for a 20dma bounce on the daily. Also flagging on the daily. Looked like it was flagging intraday. Looked like it was in accumulation. Entered at tightest point of the flag.
Outcome:
Stopped out. TSLA dumped as SPX was falling. Ended up bouncing off the VWAP
Lesson:
Monitor these stocks for possible bounces. Watch SPX closely.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-09-13 12:22:45 | TSLA | buy | $164.700 | long |
2013-09-13 12:22:45 | TSLA | buy | $164.700 | long |
2013-09-13 12:25:04 | TSLA | sell | $164.148 | long |
2013-09-13 12:25:05 | TSLA | sell | $164.130 | 0 |
2013-09-13 12:27:15 | TSLA | buy | $164.300 | long |
2013-09-13 12:27:15 | TSLA | buy | $164.300 | long |
2013-09-13 12:36:34 | TSLA | sell | $164.030 | long |
2013-09-13 12:36:34 | TSLA | sell | $164.030 | 0 |
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