Tags:
great bear flag but classic trap. Great move lower of stop after the attempted roll just in case this exact thing happened.
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2024-02-02 12:36:40 | TSLA | -1 | $182.860 | -1 |
2024-02-02 12:36:40 | TSLA | -149 | $182.860 | -150 |
2024-02-02 12:54:02 | TSLA | 150 | $183.390 | 0 |
oh wow. I remember that day. Crazy failed new low and obviously turned into the bottom. That was after a fairly big 10month bear mkt. I'd argue TSLA is a little different given the cult/ponzi element to it, with a sky high valuation. It could get cut in half from here and still be over valued. But yes, shorting on bounces on the daily chart is probably a safer setup.
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10.13.22 I lost an account (15Kish) shorting SPY. My advice would be not to short this daily chart.