TSLA Trade on Nov 2, 2021 09:54 from spyrosz: Tradervue User Stock Trades.

Mother of all stonks. What a bubble, what a move. Name went +40% in 12 days, now has a market cap of $1.2T while it does $40-50B in revs!!, not even profits...Insane:/

Setup checked all variables of a "Blow-off Top" playbook trade, would have been A+ if it had gapped higher premarket.

"Blow-off Top" Setup

1a. Parabolic Move: stock way over-extended from the 9SMAs @ daily + weekly charts. Check!
1b. (extra) daily RSI>>80 + (bonus) weekly RSI>>80 + (bonus) monthly RSI>>80!!
2. Previous day: big out-sized green candle that traded much larger volume than the average volume in the previous days, closing near/at HOD. Check!
3. Today: stock gaps up higher premarket = exhaustion gap!! --->
-- exhaustion gap = A+ setup
-- no exhaustion gap = A setup
4. Next day - 2nd day play and continuation lower.

Opening pop to R1=yesterday's close=analysts price target consensus=OI premium wall=$1,200 deserved some risk to the "short" side, at least opening a filler size short:

-- Got short filler size at the opening pop to yesterday's HOD=$1,210, risking wide stop $1,251.
-- Added another half-tier, risking same stop, after premarket gap-up and open just below $1,250
-- No further adds here, until seller establishes himself, backside becomes obvious and stop well-defined:/
-- 1st Target = 9SMA@weekly, main target $885-900 breakout level

Great covers into low $1,000s as Elon sold shares. With Elon on the offer selling for tax purposes (inelastic), every pop should be a fade!!

12-2021
Great re-entries and main size add on the backside, as it got rejected close to $1,200. We have the lower high. Tightened stop to ATHs.

Covering slowly towards main target $900.

01-26-2021
FED announcement and pop to previous support (now resistance) pivot=$885,
-- Re-added some short, tight stop $1,100, added momo add thru $900 break following ER day, stop $1000 for the add
-- Want to cover $765s below the 200SMA@daily

02-10-2022
Sideways action, below all key MA, obvious seller unloading at $940 holding it down.
With market weakness and rates ripping higher, maybe it's time for a P/E reality check.
-- Shorted 0.5xtier, stop $1,100_
-- Target remains $775s

02-23-2022
1st target $765s got tagged today, covered 20%.
Remaining 80% for $550-600s area.

02-24-2022
Another $50 dump so quickly, I decided to cover another 20%.
Now I feel comfortable to hold. Rest 60% for $550-600s area.

03-15-2022
Covered latest add in-front of $765. It looked like it would hold and rally. That's what it did.

03-21-2022 to 04-04-2022
One hell of a gamma squeeze. Someone is playing with the options market, similar action to $AAPL...This vertical move will be fully retraced soon.
-- Carefully and slowly re-shorted 1.5 tier, stop ATHs for entire position
-- Target $765s at a minimum

04-28-2022
Worked like a charm. Even f@cking Elon finds excuses to sell that crap. Main target $550 remains.

05-10-2022
Done covering $765s. Next station $700s

05-12-2022
1st cover below < $700 is a fact!! Come on $550s!!

06-14-2022
$625s is the last fort need to fail before $550 target comes into play.
What a trade so far.

07-08-2022
-- Carefully and slowly re-shorted 1.0 tier into rally towards $765s, stop $811s for the newly added tier, rest position stop remains at ATHs
-- Target $550s

07-22-2022
Out of the latest add as it went the other way and broke $765 seller.

08-01-2022
-- Re-loading short 1xTier into the rally to major/significant confluence of resistance=200SMA@daily & 50SMA@weekly & daily resistance area $885-975s, stop $1011s for entire trade
-- 1st target 765s, main target is always $550s on this one