What a drop in TSLA out of the Open. Volume was low today and the day started slowly and I stood on the sideline. I noticed and watched TSLA as it broke all levels to the downside to find support above 351.50 for a hard bounce back to VWAP.
Here I watched for a moment. When I saw higher prices reject and a Decision-Candle form above the Full Dollar and VWAP I took a small short on the break of lows. Spreads were wide and vol low.
TSLA showed lots of hesitation and I took a partial soon and was really lucky to fill on the bid.
Tried to take off the rest break-even, but had some slippage.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-02-04 09:46:00 | TSLA | sell | $307.055 | short |
2019-02-04 09:47:00 | TSLA | buy | $306.500 | short |
2019-02-04 09:48:00 | TSLA | buy | $307.160 | 0 |
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