Shared by
boldandnuts
TSLA sold off out of the Open and once again I hesitated at the open to take a short.
Resistance: 294 296 300 303
Support: 285.70 280.80 277 273.50
294 was a perfect entry I did not take after missing FB and NFLX as well.
I watched it sell off and took a starter into the 286 level. TSLA traded very volatile with wide spreads and big moves. I stuck with it and it spiked lower, but did not allow for an add lower. TSLA formed a nice Decision-Candle for a Bounce and had allowed for an add.
Instead of adding I took profit... did not trust it and its volatility. Took the whole trade off towards VWAP. At first it looked perfect, but shold have given it more room.
As it was the first trade I wanted to take profits to get a green start.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-01-23 09:39:00 | TSLA | buy | $286.240 | long |
| 2019-01-23 09:42:00 | TSLA | sell | $287.366 | long |
| 2019-01-23 09:43:00 | TSLA | sell | $288.400 | long |
| 2019-01-23 09:43:00 | TSLA | sell | $288.790 | long |
| 2019-01-23 09:44:00 | TSLA | sell | $288.896 | 0 |
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