3rd of 4 trades this morning on $TSLA. Tried to short spikes on tesla after it ran one ATR. Even with small size I managed to lose money on this one. It's clear for me now that I don't make money on such trades as you need to react fast and you don't think straight at that moment and you get frozen as your P&L even with so small size changes too much. So from tomorrow I quit this strategy and will use those where I have edge. If I didn't take these first three silly trades I am ashamed of as I put too much risk on them, I would be up more than $500 today as this is the amount I made on just one trade when I finally saw the right setup I am familiar with. All in all even on $TSLA today.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-01-30 09:44:33 | TSLA | sell | $637.440 | short |
2020-01-30 09:44:34 | TSLA | sell | $637.436 | short |
2020-01-30 09:46:45 | TSLA | buy | $639.700 | 0 |
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