learned a valuable lesson today of why on days like this it is best to short on pops and not on weakness. Shorted on the breakdown of support only to be shaken out by the pop which was meant to be shorted . could have been a much better trade
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-05-12 12:39:59 | TSLA | sell | $185.358 | short |
2014-05-12 12:57:52 | TSLA | buy | $185.200 | 0 |
the short to me was the break of the ema20 as well as the small base that had formed from 12pm to 12:40
Yep ... I see that too now. Great entry. A looser stop would have resulted in a winner.
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I don't see a reason to exit .. as you mentioned... but honestly don't see a reason to enter either.