Shared by
boldandnuts
A test in Patience. Wow! TSLA traded like it was dead. REally no movement.
Support 292.50 290 287
TSLA sold off out of the open and chopped around a lot. When it broke 291.50 the prior Days close, I watched it and saw form a Decision-Candle above 290. Entry was good, but juste a fake out.
I stuck with it and wanted to see 291.50 break. That Level was strong resistance. REally strong. Eventually I took my partial there. I did not like my Entry price. Was worried TSLA would sell off. It did! For some reason I stuck with it and regrettet it. Wanted to see 287ish for support and next level.
It did not get there and consolidated below 290 for a while. In hindsight it formed a nice support candle on the 5m chart. A real beauty for a bottom bounce and allowing for some size.
As TSLA was trading soooo freaking slow and almost dead I did not add or do anything. Just waited.
Unbelievable what kind of run TSLA put in. 9 Points! I was patient to see it looking like exhausted and overextended at 293. TSLA really found a trend. Incredible.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-01-25 10:23:00 | TSLA | buy | $290.738 | long |
| 2019-01-25 10:39:00 | TSLA | sell | $291.242 | long |
| 2019-01-25 11:09:00 | TSLA | sell | $291.940 | long |
| 2019-01-25 11:22:00 | TSLA | sell | $292.400 | long |
| 2019-01-25 11:25:00 | TSLA | sell | $292.860 | 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!