Shared by
Markmandy54
Gorgeous setup intraday, stop -.50, Target +1, +2. Looked great and kept chewing away at 195. Thought about raising target but forced myself to let the trade playout as i have been struggling with micromanagement. Buyers came in and ripped it higher to my stop. Should have listened to gut and taken partial when the bidder didn't budge for +.90.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-02-12 10:29:11 | TSLA | sell | $195.900 | short |
| 2014-02-12 10:39:02 | TSLA | buy | $196.300 | 0 |
Comments
jmoscate_BOWS
Nice entry! You were right on your thesis. I agree with you, it is a hard decision. I think this is where experience comes in and doing what you are comfortable with. Some ppl might not be ok for the 10 cents were as others would be ok with taking profits 10cent short.
PHILnomenal
Good entry spot Mark. Picking exits on these higher priced beasts is something i struggle with as well. Just remember, If you take some profit and it's close to your target, then you get stopped out, it was a winning trade and you'll have no regret :) $50 bucks here, 50 there starts to add up if you catch a few a day :)
Markmandy54
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this is what I was talking about on your other trade today. it ALMOST gets to target.. hard to decide whether you need to listen to your gut and bail or hold on.. usually seems to do the opposite of what I do....