TSLA Trade on Nov 11, 2014 12:25 from andrewb_bows: Tradervue User Stock Trades.

First trade of the day was TSLA, long after it was flagging intraday. I wanted to see strength and support hold, which it did. Then when it looked like we were breaking out of the intraday downtrend line take the trade for initial pop and later on new highs. I longed $248.51 with new highs as first target and support at $248. Spiked to $249.5 area and eventually worked its way back down and I stopped out around even. My stop should not have changed from the $248 level for a couple of reasons. First I hadnt hit any type of scale spot so the stock hadnt developed yet. Secondly I was playing during chop time of day that means I play lighter and need to give it more space. I knew that going in which is why 50 shares but changed the plan after I watched the stock trade. Overall not the best trade, good idea but poor management as it did hit new highs later in day.