TSLA Trade on Nov 15, 2021 09:49 from ricky_trades: Tradervue User Stock Trades.

i saw market was not able to break above pm highs or last week highs.
this was a moment for me to watch the market sentiment to the downside.
i had my eyes on tsla.
also i noted that it remained below Previous day LOW and broke PREMARKET LOW.
i saw tsla was rejecting the 9 ema and vwap.
i drew a trendline.
i also saw it forming a bit of a bearflag.
i did not like my entry because i did not let the 5 min candle close and also near a very psychological price of $1000. even though i got in below that price point and overall trend was headed downward.

i was some what nervous throughout the trade but focused on bigger time frames, overall market direction, trend and the game plan. also not letting the green candles shake me out.
i saw the stock kept rejecting vwap and the 9ema.
i was in some 950 puts which were a bit out of the money but more affordable.
i really would like to start taking vwap reject trades as they tend to work well with TSLA.
i saw the trend was headed down
creating higher lows, lower highs.

my entry was at 997 ish area
my stop loss was at VWAP around 1005
my profit target was at 985 (around previous week low) + 980 if market kept pushing.

my contract premium entry was $17.20 and i got out at $18.20
my contract premium eventually got to $20.

not the best risk to reward- need to definitely work on this.
allow more range.

todays price action was great but the contract i was in moved a bit slow.