Shared by
E-Money
4/20/18
TSLA
Tested small size to see if theory that $295.37 long would work out because of long term support at $295.00. Long 10 shares at $295.37, target initially $297.00 which is a previous pivot. Stop was very tight, at $294.51, giving it 50 cents below $295.00. Ended up wanting to play range and readjusted target to $296.00. Got stopped out eventually.
Noticed that stock could not break $300 resistance- a level I have been watching.
Fighting trend did not work- ended up continuing in the overall downwards trend line for the rest of the day once it broke the low of the day, going to almost $292.
Need to give TSLA maybe 2 points room for a stop loss. Generally moves in the direction of the target.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-04-20 11:39:33 | TSLA | buy | $295.370 | long |
| 2018-04-20 12:07:34 | TSLA | sell | $294.510 | 0 |
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