Shared by
boldandnuts
As the Market, also TSLA did not trade on lowerish volume and rather slow. Even after Earnings the days before.
Like in all trades for the day it was rather intended to trade breakouts! Even though it was the worst day of the week to do so. After closing the trade I saw the small range TSLA was consolidating in and that had allowed for a nice offer at highs for a reversal.
Instead I used the lows of that range for a breakdown play. Nope. Quarter size. Did not work out. Don't mix strategies!
It was just a fakeout and I stopped out at the high of the move. Bad trade and bad loss.
315 would have allowed for a nice entry on the offer for a short with room.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-02-01 10:21:00 | TSLA | sell | $314.460 | short |
| 2019-02-01 10:23:00 | TSLA | buy | $315.150 | 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!