I think this only happens once in your life. Still I was not able to profit out of it as I took the trade off way too early.
I was already done trading and with my recap when I saw TSLA form that beautiful rising wedge and almost not moving. The spread was almost gone, no prints and it looked like it would make a move lower. But in case it would make another move higher I reduced my share size even more to add and scale in.
My Entry was perfect.
Moments after TSLA started to drop like a hot stone. At that time I did not know WHY and took profits and the last pieces off way too early as I thought it is just a quick drop before a bounce back to highs.
REally should have stepped back for a moment and leave half on.
It wasn't until after my Exit that I checked the News:
Tesla Model 3 Loses Consumer Reports Recommendation Over Reliability Issues
I literally entered seconds before that news hit the wires... missed roughly 8 points towards the close. Patience, Markus! Still happy about the 2-3 points I got.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-02-21 12:36:00 | TSLA | sell | $301.840 | short |
2019-02-21 12:36:00 | TSLA | buy | $300.410 | short |
2019-02-21 12:37:00 | TSLA | buy | $300.050 | short |
2019-02-21 12:37:00 | TSLA | buy | $299.550 | 0 |
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