Shared by
boldandnuts
Just another impatient attempt and entry. Markus, wait!
After the breakout and stop out the next level was 314 with the SMA100 which I thought would never get tested.
So, 310 seemed plausible, but still, I was too early as I did not wait for a level to breach and take the break down through a level for an entry. That would have been ok.
Instead I used stalling prices for an entry. Not so good. Even though the first reaction was good. TSLA still had steam and I must have taken my loss.
I added more above 312 and not on the break down below, which did not happen and would have allowed for an entry.
TSLA continued higher to test and reject below 314 and the SMA100. With a Spike! With a Decision-Candle and me hesitating to jump in as my offer was not filled.
But was happy I got back out of the trade.
Being more patient out of this mess could have been a decent and profitable trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-02-27 10:51:00 | TSLA | sell | $309.660 | short |
| 2019-02-27 11:11:00 | TSLA | sell | $312.160 | short |
| 2019-02-27 11:19:00 | TSLA | buy | $311.140 | short |
| 2019-02-27 11:26:00 | TSLA | buy | $311.050 | short |
| 2019-02-27 11:29:00 | TSLA | buy | $310.350 | short |
| 2019-02-27 11:31:00 | TSLA | buy | $309.930 | short |
| 2019-02-27 11:49:00 | TSLA | buy | $310.880 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!