Shared by
boldandnuts
This was unnecessary as well.
I had 309 and 311 as levels from the previous days with the SMA200 at 315ish.
After the initial drop and break of VWAP TSLA chopped higher and consolidated below 309.
My Entry was erratic and bad. Ok would have been to place an offer below 309, but I chose to use the break of... yes, of what?
There was an initial reaction and I did not take it off. Likely due to commissions. REally?
Stuck with it to make it worse.
312.20 was previous days close. I did not add even though i saw opportunitiy as I did not deserve it for my bad entry. Took it off on the way to VWAP leaving too much on to add back and average down at the 312 level for a good average.
Profits then were good. Just bad trading in general. Market was grinding higher slowly, but looking like it would range. It did not range. It grinded higher.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-02-04 10:00:00 | TSLA | sell | $308.670 | short |
| 2019-02-04 10:20:00 | TSLA | buy | $308.990 | short |
| 2019-02-04 10:24:00 | TSLA | buy | $307.880 | short |
| 2019-02-04 11:17:00 | TSLA | sell | $311.822 | short |
| 2019-02-04 11:20:00 | TSLA | buy | $311.938 | short |
| 2019-02-04 11:28:00 | TSLA | buy | $310.100 | short |
| 2019-02-04 11:33:00 | TSLA | buy | $311.190 | 0 |
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