Shared by
E-Money
TSLA
5/3/18
Gapped down and was very active today; I ended up getting chopped up in the indecision...
Caught a 2 dollar move in the morning shorting 100 shares at $280.67, and covered at $278.40. I had a plan to short again if it were to retest $282.
Needed to be more selective with my entries, was in and out of this stock too much especially during the morning.
Attempted to short at $285 which was not a bad idea, considering it is significant resistance, but the top tick of the day hit $288. I was not willing to give it 3-4 points of risk, and I took it off manually due to impatience and lack of confidence in how this stock was behaving. Best thing to do was to move on.
Played around with small size to test some theories...at the end, TSLA rallied off $280, another level I should have tried to buy. Although RSI was weakening on the upside, it still managed to slowly ascend.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-05-03 09:32:09 | TSLA | sell | $280.670 | short |
| 2018-05-03 09:33:54 | TSLA | buy | $278.400 | 0 |
| 2018-05-03 09:38:18 | TSLA | sell | $282.000 | short |
| 2018-05-03 09:41:33 | TSLA | buy | $283.510 | 0 |
| 2018-05-03 09:44:30 | TSLA | buy | $285.670 | long |
| 2018-05-03 09:44:56 | TSLA | sell | $284.230 | long |
| 2018-05-03 09:44:56 | TSLA | sell | $284.230 | 0 |
| 2018-05-03 09:48:03 | TSLA | buy | $282.380 | long |
| 2018-05-03 09:49:45 | TSLA | sell | $281.710 | 0 |
| 2018-05-03 10:02:09 | TSLA | buy | $280.260 | long |
| 2018-05-03 10:08:11 | TSLA | sell | $280.750 | long |
| 2018-05-03 10:08:11 | TSLA | sell | $280.750 | long |
| 2018-05-03 10:08:11 | TSLA | sell | $280.750 | 0 |
| 2018-05-03 10:42:35 | TSLA | sell | $279.950 | short |
| 2018-05-03 10:59:36 | TSLA | buy | $279.220 | 0 |
| 2018-05-03 11:42:01 | TSLA | sell | $275.770 | short |
| 2018-05-03 11:42:01 | TSLA | sell | $275.770 | short |
| 2018-05-03 11:44:12 | TSLA | buy | $276.350 | 0 |
| 2018-05-03 13:52:41 | TSLA | sell | $281.960 | short |
| 2018-05-03 13:57:11 | TSLA | buy | $283.150 | 0 |
| 2018-05-03 14:27:31 | TSLA | sell | $281.920 | short |
| 2018-05-03 14:27:32 | TSLA | sell | $281.920 | short |
| 2018-05-03 14:39:25 | TSLA | buy | $284.200 | 0 |
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