Got me twice on this pullback! It'd ripped all morning, but only half of what TSLA has done in a day before, and had just broken to new highs on the daily. "Easy money was over."
First p/b looked nice and orderly, bounced off 9EMA, got in. Stopped out as dropped below MA and price support.
Second buy was after it consolidated for a while, higher lows, coiled up, popped over MA previous candle and pulled back on almost no volume.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-24 12:28:00 | TSLA | buy | $217.380 | long |
2014-02-24 12:41:19 | TSLA | sell | $216.810 | 0 |
2014-02-24 13:06:25 | TSLA | buy | $216.870 | long |
2014-02-24 13:08:27 | TSLA | sell | $216.600 | 0 |
Careful with those lunch hour early flags.Stock did bounce after full flag formation once bounced 20 EMA.
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Have to play the earlier flag pattern. Trying to play the 4th and 5th flag will be tricky to make money. On top of that you bought during lunch hour.