TSLA Trade on Sep 16, 2020 09:57 from Musteno802: Tradervue User Stock Trades.

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Musteno802

 

Trade 1: This was an impulse trade and I immediately thought better of it. I was listening in on the discussion and got caught up in the moment. While it could have turned out to be a decent trade if I'd held, you can see on the premium chart that there really wasn't a lot to be done. Complete FOMO. Have got to learn to deal with that better. Entry D. I still got in on a good price action barely between the 8 and 21. The histogram was negative though, and the stack was a mess. Bad entry. Exit will be a b. It was good considering the entry. Again I exited because I had no idea why I got into that trade after I got into it. Never be afraid to close a position if you don't know why you're there.

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Trade 2: This one was a little better thought out, but I was still trading more on FOMO rather than a good plan. I was playing off the 5 min chart. As a caveat, I do not use pre/post market data on my charts. We were showing a squeeze into positive territory on the histogram, the price had pulled back to the 8EMA, only thing I was missing for a clean setup was the amount of time in the squeeze. Should have been 5 bars, I got in on the first. I was able to exit in a profit, but again just didn't like what I was seeing. Plus the market internals weren't showing the best activity. So I got out.

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There are two more TSLA trades in here I'm only going to touch on briefly. The 3rd trade was just an example I was showing my son how things moved. Should have been in simulator. 4th trade instead of hitting 1 for the position size I accidentally hit 11 and the order got filled. It was an iffy trade at best. I got out unscathed but had to use the restroom shortly thereafter.

DO NOT TRADE OUT OF BOREDOM


Execution detail:

Date/time Symbol Side Price Position
2020-09-16 09:57:57 SEP18 20 500 CALL buy $4.950 long
2020-09-16 09:59:04 SEP18 20 500 CALL sell $5.200 0
2020-09-16 10:17:46 SEP18 20 500 CALL buy $4.950 long
2020-09-16 10:21:29 SEP18 20 500 CALL sell $5.300 0
2020-09-16 10:42:19 SEP18 20 500 CALL buy $4.130 long
2020-09-16 10:43:31 SEP18 20 500 CALL sell $3.800 0
2020-09-16 10:53:43 SEP18 20 500 CALL buy $4.300 long
2020-09-16 10:56:12 SEP18 20 500 CALL sell $4.300 0


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