Shared by
boldandnuts
When $TSLA came back down and close to its 300 level I got interested again. I must have missed the first test of 301 but caught the retest as I watched the tape.
My Entry was a bit too early, I saw hesitation on the tape, but $TSLA made a move lower to retest 301. In the past days the stocks did make nice Double Bottoms like this and sold off further. Therefore I was not very confident this trade would stick.
I took a first partial at 303 as it looked it would not stick, but had 306 (intraday resistance) in mind as target and 310 with VWAP.
Unfortunately took off the trade way too early. I was impatient, but it was still a good trade and great Entry in hindsight.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-10-25 10:38:00 | TSLA | buy | $301.850 | long |
| 2018-10-25 10:40:00 | TSLA | sell | $302.810 | long |
| 2018-10-25 10:43:00 | TSLA | sell | $304.460 | long |
| 2018-10-25 10:52:00 | TSLA | sell | $305.000 | 0 |
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