That did not work as expected but worked as I gave it a lot of room.
TSLA dropped and found support at 306 after the drop and formed a small decision-candle that traded below 306. On the break of its highs I took a starter, but TSLA was hesitant and still looked very weak. Bid and Ask lowered slowly without many prints and I took off half when I could as I expected another leg lower.
I had a good feeling about TSLA finding a bid somewhere in this area though. just wasn't ready yet.
There were some harsh drops lower as volume was light. i did not get the chance for a good add and just stuck with what I had left.
I was patient with my partials, but eventually took off the last piece too early as usual.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-02-13 11:32:00 | TSLA | buy | $306.168 | long |
2019-02-13 11:33:00 | TSLA | sell | $306.000 | long |
2019-02-13 11:46:00 | TSLA | sell | $307.310 | long |
2019-02-13 11:53:00 | TSLA | sell | $307.302 | 0 |
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