$TSLA bounced off of VWAP and found Resistance at about 177.
As it kept respecting it I added a starter for a quarter tier just to add on the way to retest previous highs.
It took a while until it played out and I just let it move. $TSLA made attempts lower, but was strong and hesitant. It eventually made a move higher, but just below 278 which was too close to my entry. No add here.
Then it sold off and I took a partial at VWAP for an eventual crack and selloff.
When it retested VWAP I hesitated with my Exit and did not take it. Although it felt like it would respect it I eventually took off the trade break-even to call it a day.
It turned out to be a good idea s TSLA remained strong and kept climbing rest of the day...
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-10-23 10:44:00 | TSLA | sell | $277.030 | short |
2018-10-23 11:06:00 | TSLA | buy | $274.490 | short |
2018-10-23 11:06:00 | TSLA | buy | $274.500 | short |
2018-10-23 11:26:00 | TSLA | buy | $277.220 | 0 |
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