TSLA Trade on Apr 8, 2021 09:44 from WizardKing: Tradervue User Stock Trades.

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WizardKing

 

PLAY:
KEY LEVEL: 675, 680
Did I follow my stop loss rules? Yes
Put Entry: Wanted to see a breakdown on TSLA, if markets started to pullback. I waited for a retest of 675, and as it rejected, I entered, and put my stop there. Got the quick flush I wanted.
Put Exit(Notes): I was tempted to hold, as long as TSLA stayed below 674-675. But it was early in the morning, so I decided to take the quick scalp rather than hoping for a bigger move.

Call Entries: I waited for support to hold before entering my first call. Unfortunately, I got shaken out. Wasn't quick enough to enter on that 2nd retest of 680. That was a great bull flag I shouldn't have missed. Stopping out is needed, but be on the lookout for potential reentries. I even tried bidding for a call, but the price didn't even pull back once for me to be able to enter. I didn't want to chase, so I didn't get in market quick.
Next play was on the 2nd test of 685. Started to be emotional, and rushed my entry with a market order, rather than buying on the dips. Unrealized losses of $180 due to the rushed entry, which I could have avoided if I was patient with the entry. But then again, I was scared that it would just run without me(literally 5 minutes ago LOL), so I didn't wait. You never know.
Call Exit Notes: Exited the 1st call because the trend broke, and I had no reason to hold. Scaled out 1 contract on a pop, and risked breakeven for the second contract for the 690 PT.
Chart: image
5 Min: image


Execution detail:

Date/time Symbol Side Price Position
2021-04-08 09:44:30 APR09 21 670 PUT buy $8.550 long
2021-04-08 09:47:16 APR09 21 670 PUT sell $9.600 0
2021-04-08 10:11:38 APR09 21 680 CALL buy $10.500 long
2021-04-08 10:12:10 APR09 21 680 CALL sell $9.700 0
2021-04-08 10:20:05 APR09 21 685 CALL buy $10.800 long
2021-04-08 10:23:09 APR09 21 685 CALL sell $11.800 long
2021-04-08 10:45:43 APR09 21 685 CALL sell $10.800 0


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