Shared by
boldandnuts
Entries were good, just should have taken my losses instead of piling in.
316.30 was the SMA200.
When 317 tested and acted as a small consolidation area I used the crack of 317 for an entry which was ok and good entry. However, i should have taken off the trade the moment there was no follow through on the first rejection and when highs broke. 317.15 Exit!
I stuck with the trade.
My add was good as I was patient on the Decision Candle.
Unfortunately TSLA made another leg up to form an Engulfing Pattern on the one minute as I can tell in hindsight but was not aware while it formed.
No clean add here. Partials were ok and eventually I took the trade off too early on the last piece.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-02-28 11:37:00 | TSLA | sell | $316.950 | short |
| 2019-02-28 11:57:00 | TSLA | sell | $318.260 | short |
| 2019-02-28 12:14:00 | TSLA | buy | $317.750 | short |
| 2019-02-28 12:15:00 | TSLA | buy | $317.170 | short |
| 2019-02-28 12:16:00 | TSLA | buy | $316.590 | short |
| 2019-02-28 12:28:00 | TSLA | buy | $316.220 | 0 |
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