TSLA Trade on Jul 16, 2013 13:34 from RaeTrades: Tradervue User Stock Trades.

Was up almost $100 bucks and let this turn into a $70 dollar loss. This was a fast mover and I let it get away from me.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-07-16 13:34:37	TSLA	buy	$109.380	long
2013-07-16 13:35:40	TSLA	buy	$109.550	long
2013-07-16 13:36:40	TSLA	buy	$109.750	long
2013-07-16 13:51:06	TSLA	sell	$109.110	0
2013-07-16 14:32:58	TSLA	buy	$108.440	long
2013-07-16 14:33:19	TSLA	sell	$107.780	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=516988&end=20130815&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=516988&end=20130716160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=516988&end=20130716151319&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=516988&end=20130716144319&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-07-16 21:44:16

Its not easy trying to time a falling knife.. you would be better off waiting for a setup.

RaeTrades

2013-07-16 21:55:43

Agreed thanks

JoJoTrades

2013-07-17 00:22:45

shit, he did it perfectly here:
http://www.tradervue.com/shared/trades/516991

altho that was more of a range play....either way, my main point is you gotta be ready to scalp out quick when playing with dangerous knives!!!

his trade right there, he sold at the buy spot. buy 109+ and sell 111 6 minutes later. nice scalp, there. believe me, these plays are VERy possible. I do them daily. but yoiu can't be greedy and have to take profits quickly lol

JoJoTrades

2013-07-17 00:24:06

BETTER YET:
day trading zebra did the same thing, but held thru the double bottom (low was HIGHER btw), and then sold into the pop. nice:

http://www.tradervue.com/shared/trades/516712

RaeTrades

2013-07-17 00:26:12

Just checked out that trade from zebra. It was awesome. Taking notes

daytradingzebra

2013-07-17 00:41:29

Haha getting praise for that trade was not expected, I rarely play knives.

I loved your entry here though. I've been stopped out/sold at the second half of a double bottom way too often in the past, so I know your pain

TSLA Trade on Jul 16, 2013 13:34 from RaeTrades: Tradervue User Stock Trades.

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