TSLA Trade on Jan 8, 2019 10:18 from boldandnuts: Tradervue User Stock Trades.

Gravatar

Shared by
boldandnuts

 

TSLA followed the marked down and was really weak. To my surprise.

My levels for support were 336.50 331 329 325

I ignored them!

I had no reason to go long 335! There was no confirmation besides the offer stepping back up above 335.

I was patient to wait for 331 support to hit, but made the mistake to blindly place an order there without waiting for a reaction to get a better average.

When there was a reaction I added giving me too much size in total without the expected reaction. I remained calm though.

For the next add I waited for confirmation, but again no follow through. I was not happy about my average below 332.

Instead of adding at 328.50 when I was allowed and more at 328. I just stopped! Giving me a bad average as I though 327 would not hold and we would see 325 test.

Not adding back after the partial losses was the next mistake. 327.50 was tested twice. I did not add back. I have to be more aggressive, but was very insecure about what the market would do.

Market found a bottom and VWAP was hit. Still a loss and within my risk-perimeters. Still a bad trade!


Execution detail:

Date/time Symbol Side Price Position
2019-01-08 10:18:00 TSLA buy $335.100 long
2019-01-08 10:31:00 TSLA buy $331.504 long
2019-01-08 10:34:00 TSLA buy $330.843 long
2019-01-08 10:40:00 TSLA buy $329.450 long
2019-01-08 11:05:00 TSLA sell $330.305 long
2019-01-08 11:10:00 TSLA sell $331.007 long
2019-01-08 11:44:00 TSLA sell $330.152 long
2019-01-08 11:46:00 TSLA sell $331.500 long
2019-01-08 11:56:00 TSLA sell $332.300 long
2019-01-08 12:01:00 TSLA sell $333.510 long
2019-01-08 12:04:00 TSLA sell $333.940 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in