Tuesday, November 25, 2014

Closed TSLA short

My best shorts have not come from breakdowns but rather from picking weak tops.  Still, I tried the b/d trade with TLSA. TSLA fought a bounce at 240 yesterday when there was an article that it was partnering with BMW.   Any way TLSA is now in a channel.  I still think it favors the bears but I did not size this where I can let it go 20 points against me to ride it out. As much I would want to give this trade more room to work, I'm much better off taking a small loss < 1% here. 

Entry  242.21
Exit: 248.88

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