$TSLA looked really strong and made a nice move up. As it put in some distance to VWAP I saw it break above 270 and hesitate with 271. The next resistance I had marked was around 275.
With about 2 points to VWAP, its troubles moving higher and it looking like a good opportunity for a backside trade I wanted to give it a shot and started a small short below 271.
$TSLA remained strong and broke out. With 275 in mind I planned to add every 2$ and did so at 273.
$TSLA spiked a bit to reject 273.50 and sold off.
My profits were a bit too early, but it was a decent trade. Happy to call it a day!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-10-16 10:02:00 | TSLA | sell | $270.830 | short |
2018-10-16 10:06:00 | TSLA | sell | $272.951 | short |
2018-10-16 10:15:00 | TSLA | buy | $270.640 | short |
2018-10-16 10:16:00 | TSLA | buy | $270.480 | short |
2018-10-16 10:19:00 | TSLA | buy | $269.800 | short |
2018-10-16 10:20:00 | TSLA | buy | $269.469 | 0 |
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