Shared by
charlesk_BOWS
SL 200.98
Target ~205
was watching this as earnings end of day tomorrow. gapped up on nice volume and I waited for an entry. bounced perfectly on the 9 EMA.
I didn't scale on that first spike, and I sat there watching the next candles contemplating. As it was showing some weakness and lack of volume I went ahead and scaled 100 to lock in the profit and move my stop up.
I missed the 205.5 spike because I was doing some of my day job work tasks and even though it came back again it wasn't showing any real weakness, I had already scaled for good profit and my stop was safely set at my buy so I just let it ride.
Near the end of the day I just had this sense it was going to drop and I was a little worried about holding overnight. so I chopped another 100 shares and it was apparently great timing. I moved my stop up to 203.40 and it dropped to that point pretty quick.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-02-18 10:06:00 | TSLA | buy | $202.015 | long |
| 2014-02-18 10:59:00 | TSLA | sell | $203.870 | long |
| 2014-02-18 15:36:00 | TSLA | sell | $205.050 | long |
| 2014-02-18 15:43:00 | TSLA | sell | $203.310 | 0 |
Comments
Markmandy54
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Man what a great entry!