Shared by
E-Money
4/6/18
TSLA
My plan today was to buy $295 support after the morning sell-off; instead, it ripped through support. My sell-stop loss did not work initially and I had to take a bigger loss than intended.
Should have shorted the pullback, since it broke $295. Target should have been $280 afterwards.
- Next time will target previous lows recently- in this case, $290 from 5 days ago.
- My second attempt to enter the trade to the downside was in the right direction but there wasn't a strong enough catalyst for the price of TSLA to be pushed down to $280. Need to be realistic on how much it can move when the relative volume is not that high.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-04-16 09:38:06 | TSLA | buy | $295.210 | long |
| 2018-04-16 09:42:09 | TSLA | sell | $292.870 | 0 |
| 2018-04-16 09:45:30 | TSLA | buy | $294.050 | long |
| 2018-04-16 09:46:20 | TSLA | sell | $293.551 | 0 |
| 2018-04-16 09:53:40 | TSLA | sell | $290.970 | short |
| 2018-04-16 10:06:06 | TSLA | buy | $291.300 | 0 |
| 2018-04-16 14:51:37 | TSLA | buy | $292.180 | long |
| 2018-04-16 14:52:02 | TSLA | sell | $291.600 | 0 |
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