Shared by
Mike_Lucas_BOWS
1st setup: Flat bottom breakdown
Set my stop too tight for this fast moving stock. I thought about getting back in right away on the spike, but my inexperience got the best of me, so I waited until the red candle that followed.
With more experience perhaps I would have known that this type of pop is an opportunity to add more shares if you believe what will will transpire based on the setup.
2nd setup: Piece of crap
Second entry was simply bad based on no setup. I thought about exiting the first time the price hit $185.00, but I hesitated. Second time around I got out. With more experience perhaps I would have stayed in until it flushed more.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-05-08 12:05:38 | TSLA | sell | $186.050 | short |
| 2014-05-08 12:13:13 | TSLA | buy | $187.060 | 0 |
| 2014-05-08 12:15:08 | TSLA | sell | $186.500 | short |
| 2014-05-08 13:11:21 | TSLA | buy | $185.000 | 0 |
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Good job jumping right back in.