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Sep 11, 2018 10:06


OGT Good Entry Good Early Exit Double Top Backside Trade

This was a good trade in TSLA!

TSLA had rejected the 280.50 area before. It tested it, rejected, reached a bit higher, rejected it and then consolidated around 280 when I saw that pattern.

I watched the tape closely. In particular the Bid at 280. When I saw the Ask go up and come back down, but bid not moving, I gave it a stab with tiny size.

The Bid dropped! Then TSLA remained there a bit and I was worried about a fakeout.

I should be more confident in cases like this and go for some size. At least a whole Lot of 100 shares. Very good risk/reward. ,

I took the first profit way too early and should have just let it run. Again, more confidence.

I did good on the rest of my profits, but have to learn how to double up and add size on pullbacks!!!

Execution detail:

Date/time Symbol Side Price Position
2018-09-11 10:06:00 TSLA sell $280.000 short
2018-09-11 10:07:00 TSLA buy $279.736 short
2018-09-11 10:12:00 TSLA buy $278.636 short
2018-09-11 10:34:00 TSLA buy $277.740 0

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