TSLA Trade on Nov 21, 2018 09:43 from boldandnuts: Tradervue User Stock Trades.

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boldandnuts

 

Starting $TSLA way too early

$TSLA also gapped up over night and I had 349.50 347.50 346 341.50 and 339 down for support and 355 357.50 for resistance.

When $TSLA approached and breached previous days close at 347.50 I gave it a shot when it bounced from 346 above 346.50. It was just a tiny pullback and my initial target at 348 was missed by cents. Should have been a sign of weakness. But $TSLA retested 346.50 and I thought it would stick, but it was just too weak and after another attempt just sold off further. 

I should have kept my fingers off $TSLA today completely as it traded on very low volume and very very slowly. 

However I stuck with my position and added more into 343.50s to miss my next add at 341.50 when TSLA bounced and respected 342. Bummer. I did not like my average of 345.16 and VWAP at 347.

On the run up TSLA tested my Entry, rejected and I erratically took off half. Really stupid. Then, out of greed, I pulled my target order I had at 346 to see TSLA just spike into and above it. Also ignored the decision candle it was forming and did not respect my exit and stuck with the rest to watch it drop down further. 

Adding Back on the Backside

TSLA found some support at 340 and had an order at 339. It also found some resistance at 343 and I placed another order for a pullback into it at 341.50. To my surprise it was filled, respected and TSLA made a run after. My average now 343.36. 

Unfortunately I was very impatient due to its low volume and took off a big junk on a pullback after my first target at 344 was hit. Then more on 344 and rest break even for a small loss. 

Kept my hands off TSLA after although I later saw some good opportunity, but did not like the low volume. 


Execution detail:

Date/time Symbol Side Price Position
2018-11-21 09:43:00 TSLA buy $346.781 long
2018-11-21 09:50:00 TSLA buy $343.540 long
2018-11-21 09:56:00 TSLA sell $344.650 long
2018-11-21 10:14:00 TSLA buy $341.560 long
2018-11-21 10:17:00 TSLA sell $343.900 long
2018-11-21 10:18:00 TSLA sell $343.370 long
2018-11-21 10:22:00 TSLA sell $344.000 long
2018-11-21 10:24:00 TSLA sell $343.270 0


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