TSLA Trade on Mar 16, 2015 09:45 from foldelinio_BOWS: Tradervue User Stock Trades.

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foldelinio_BOWS

 

96.88M float/24%short of float/56.90%institutionals

Playbook: Benziga article on a record inventory of unsold cars in China. Stock is trading above the 187.50$ key support and shows some strengh premarket. Lot of shorts in already. If it can spike above 196$ and wipe out weak shorts, I expect a nice flush as soon as we get close to support

Stop: 1st trade: 193.50$/2nd trade: 193$
R:0

Was looking for a short entry on the Benzinga - article. First stab after WVAP did not hold at the open, second stab after the failed HOD retest. Flush never came, I scratched


Execution detail:

Date/time Symbol Side Price Position
2015-03-16 09:45:20 TSLA sell $191.490 short
2015-03-16 10:10:34 TSLA sell $190.601 short
2015-03-16 10:13:39 TSLA buy $191.010 0
2015-03-16 12:03:12 TSLA sell $191.910 short
2015-03-16 12:10:30 TSLA buy $192.150 0

Comments

Gravatar Sayed
March 16, 2015

There is no short setup on the daily char as the stock is getting an oversold bounce. Wait for it hit some daily resistance. Align all time frames !

Gravatar kunal00
March 16, 2015

what does benzinga article ahve to do with it? the guys at benzinga are good friends of mine. they have a blog and repost news?? im not sure i get it. great guys but not sure what htathas to do with tesla

Gravatar kunal00
March 16, 2015

but the main thing is u dont have any technical setup

Gravatar foldelinio_BOWS
March 17, 2015

Hey guys, thx for the review. I though this article was enough of a catalyst to break the 188$ key level on the daily. I wanted to get into a position anticipating the flush. It didn't work out, so I scratched. Nevertheless, it was a stupid move. Too many shorts and no technical setup.

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