TSLA Trade on Jan 16, 2020 10:05 from ricky_trades: Tradervue User Stock Trades.

TSLA was choppy as hell no clear direction. today i noticed other stocks were really playing nicely off there key levels (BYND NFLX ROKU) to name a few but im not sure why i decided to trade TSLA but i did see a nice key level at $500 at 10:04 am also @ VWAP which for me was a powerful movement but i missed my entry got in at 10:05am. For this reason I missed a bulk of the move and got in too late. This was intended to be a scalp but turned into holding this trade for a few minutes. When I had got in I was up about $300. Then i didn't notice but the stock was resisting HARD at $503.50 in looking at 5d 5m, 20d 1h chart and the 1 min intraday chart. this was a SLOPPY trade. I only focused on entry and not understanding where to exit. I was reviewing Level 2 and and Time and sales but it felt like everything was going so fast. I didnt have all my charts up- i think i would have been able to identify the resistance more clear. also my risk to reward wasn't all that great. so many other stocks had more predictable plays and high reward vs this small scalp.

lesson learned:
late entry
resistance at $503.50 (should have exited) once i saw it kept attempting at that level.
i have a checklist now for trades to make sure the trade meets all my criterias.