One of those stocks that you watch
Open
- Saw TSLA start to give up the upside consensus. It broke the VWAP, took a first entry. Watching the level hold, gave me a minor consolidation to a then retest of the level below VWAP. Stop was around the bottom of the range it had just broke out of. Watched it retract to bounce off it, seemed to want to continue to the downside third entry on the retest for the break. Price action rejected, back to the top of the range. Out for a small loss.
Reflection
- 3 indicators? yes, first entry called for.
- Scaling? yes additional entries on the retraction and retesting of the levels.
- Partials? no
- Risk management? smaller position sizes, and knew where my stop was before the trade. Out on the price action rejecting twice.
- What went right/wrong? trade idea and execution was valid.
- Successful trade? yes, traded the technical, risk management in check and emotions in check.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-12-27 10:42:58 | TSLA | sell | $261.510 | short |
2023-12-27 10:45:09 | TSLA | sell | $261.230 | short |
2023-12-27 10:53:26 | TSLA | sell | $261.270 | short |
2023-12-27 10:56:44 | TSLA | buy | $261.820 | 0 |
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