jay_beckner

I play poker and trade options, seeking edges from study, reflection and analytics.

#020 TSLA Calls Closed Loss

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Trade Details: Sold to close 2 May 20th weekly Tesla Inc (NASDAQ:TSLA) 322.50 calls for $1.35 (in at $2.15 intraday), $263.94 total proceeds. The trade executed at 13:34:38 when the stock was approximately $316.15.

Return: (39.5%) after commissions

Note: The MACD toggled to convergence and the bat pattern broke down, so I exited the trade as planned.

Bearish bat pattern breaking down before completion on TSLA 30-min chart.

Bearish bat pattern breaking down before completion on TSLA 30-min chart.

I failed to adhere to my 20% stop loss rule on this trade as I had to step away from my computer and didn't want to get stopped out on volatility - clearly a mistake. The entry on this trade was also tough (another reason for the leeway) as I don't currently have real-time data. Guessing where the market is, and where options are priced, based on TradingView or MarketWatch "real-time" quotes is no bueno.

Status: $327.90 account value, (637.50) YTD loss

#021 SLB Calls

#020 TSLA Calls