Shared by
boldandnuts
Finally did something right!
TSLA reclaimed higher prices and pretty much formed a double top. It ran out of steam and traded above 313 and rejected that level. I did not jump in straight on the drop of the level, but waited as it formed a tiny decision- and rejection-candle in the process.
Used the lows/crack as triger as also the bid/ask stalled and narrowed. It would have allowed for much more size as the spread was quite narrow the moment.
Moments later it dropped hard. Profits were great as well, but should have stopped out the last piece way earlier. Added back on the reject of 312.50 on the drop below, but level lifted and I took off the trade. Good Exit.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-02-27 11:58:00 | TSLA | sell | $312.772 | short |
| 2019-02-27 11:59:00 | TSLA | buy | $312.168 | short |
| 2019-02-27 12:03:00 | TSLA | buy | $311.410 | short |
| 2019-02-27 12:11:00 | TSLA | buy | $311.224 | short |
| 2019-02-27 13:03:00 | TSLA | sell | $312.440 | short |
| 2019-02-27 13:04:00 | TSLA | buy | $312.550 | 0 |
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