This actually was a good Entry for TSLA. I had 315 for a potential short, but 314 was rejected and I used the decision-candle that formed around 313.50 for an entry.
I could have entered earlier, but waited for the candle to close and take the break of lows. Although I knew that would be tought due to the wide spread. It was and I got slippage.
It was just a fake move. No follow through. TSLA remained strong and found a bid to trade higher. I stuck with it and wanted to add!
There was just no opportunity. I even missed the hard drop, but when I had a look back at TSLA it had dropped to 312.50!
Took a partial and should have taken off the rest, but hoped for a bigger run lower.
To make it worse, I did not add back when that beautiful decision-candle had allowed for an add as I was worried and anticipating another leg up to the SMA200.
My EXIT was great. Even though I was thinking about regretting it as I usually get stopped out before the stock making the move. Not this time! TSLA climbed higher with teh market and taking it off break-even at my entry was the right call! Good job, Markus.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-02-04 12:22:00 | TSLA | sell | $313.400 | short |
2019-02-04 12:28:00 | TSLA | buy | $312.760 | short |
2019-02-04 13:03:00 | TSLA | buy | $313.300 | 0 |
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