Shared by
boldandnuts
Wow, I missed such a beautiful Entry in TSLA when it grinded towards the 297 previous days closing price. I really wanted to see that level test and hesitated taking an entry when I saw it stall and hold 296.51 bid. Missed it and TSLA dropped 6 points. painful miss.
I suppose if I had traded on smaller size I would not have hesitated this long and just given it a shot to add more or take it off sooneror later. Bummer.
However, TSLA found a bottom in the 290 area and bounced back. Wow. When it got closer to 296ish I watched closer as it looked extended.
TSLA reclaimed 296 for a moment and when it traded below it again and formed a decision-candle I took a stab. TSLA sold off within that candle, but very low volume and slowly.
Took profits too soon as it always looked like it wanted to go higher. Missed the low for a partial but did good to take off last piece break-even after the backside retest did not hold.
TSLA made another leg hgier but didnot allow there for an entry on the 297 retest. not clean. But level held!
Stop 296.10 above highs.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-01-28 12:41:00 | TSLA | sell | $295.760 | short |
| 2019-01-28 12:41:00 | TSLA | buy | $295.380 | short |
| 2019-01-28 12:45:00 | TSLA | buy | $295.050 | short |
| 2019-01-28 12:55:00 | TSLA | buy | $295.780 | 0 |
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