TSLA sold off out of the Open. When it came close to the 344 level I had marked down after the first rundown I gave it a stab and placed a limit above 344. Immediately put in an order to cover half as it still looked weak and I wanted to take off some risk in case we would go lower.
Next level to watch was 337.50, but I knew 342 and 340 might be levels of support as well.
TSLA traded on lower than usual volume and the spread was rather huge with 35-70cents.
After my first target was hit I let the rest just play out, willing to add more below. Could have added more on the breakout back above 344 on the decision-candle, but did not like the volume and erratic wide spread trading. Also 343 felt too close to my original entry to add. Still a decent trade and good profit. Happy TSLA made it to VWAP.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-12-18 09:38:00 | TSLA | buy | $344.150 | long |
2018-12-18 09:38:30 | TSLA | sell | $344.920 | long |
2018-12-18 09:45:00 | TSLA | sell | $346.930 | long |
2018-12-18 09:50:00 | TSLA | sell | $346.780 | long |
2018-12-18 09:57:00 | TSLA | sell | $347.638 | 0 |
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