TSLA Trade on Feb 4, 2020 09:40 from tombtrader89: Tradervue User Stock Trades.

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tombtrader89

 
  1. I entered into the trade because TSLA made new highs during pre-market. At the open there was a sell off as expected. It started to reverse and ran above VWAP where it consolidated. That was my cue for entry if the stock made a continuance with volume. It did so i entered at at 880 after the break of a solid resistance, and a higher high candle. I held until 891 when i saw some possible consolidation but more sellers stepping in. Even though I knew this could just be health consolidation I exited the trade and took profits as I have not been green for a while.

  2. Once I saw it was in fact a consol. I re-entered when volume picked up. I started to feel anxious as I had just made a previous good trade and was worrying about P&L. I realized I shouldn't be in a trade when I was worrying and needed to manage the trade. I decided to exit when I saw some selling pressure, which ended up being consol. I should have held but I made a good decision to get out based on my mental state.

Still learning to control my emotions while in a trade with also balancing when to exit a trade.
Today was the most I have ever made to date in Options!


Execution detail:

Date/time Symbol Side Price Position
2020-02-04 09:40:40 7 FEB 20 1160 CALL buy $5.200 long
2020-02-04 09:44:06 7 FEB 20 1160 CALL sell $9.130 0
2020-02-04 09:45:20 7 FEB 20 1160 CALL buy $9.800 long
2020-02-04 09:47:31 7 FEB 20 1160 CALL sell $12.000 0


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