TSLA Trade on Aug 3, 2022 09:31 from quanphan135: Tradervue User Stock Trades.

The set-up: Momentum/Breakout Trade Setup.

1) Break Out play: Tsla was going up +20 point during pre-market open: support 918-915, resistance: 920 - 924. Key resistance 926. When market is open, I would like to see the price held bid 918 (Vwap support: 917)to go long (2 -3 point sell/scalp). If, does not hold the support 918, I will enter put at open and scalp 2-3 points. (Long)

Despite the first 1m candle open sold off too 910, but quickly pull back to 917 vwap, I see bid held at 918 at 2nd candle 1m, I go long based on my plan. I bought call contract at 918. Sell my position at 919 ( 1 point)

2) Break Out Play: the 3rd 1 candle I saw the stock going up created intra high (uptrend, break out resistance to 921-924 (925 intra day high). (Long)

My setup is: I want to see a pull back from intra high to 920 and enter a position, I want to see is created another intra high. But my exit plan are still for 2 points gain. The price does pull back to 920, and I try to fill my option call based on my plan, unfortunately, stock were going to too quickly to 3 points at 923, I quickly enter a call at market price. And it does create another intra high 926. I quickly try to sell my call contract at 926 (3 points), but failed to filled. And the stock quickly pull back to 921 range. (But based on my setup: If stock hold resistance level 920, above vwap, up trend. This should be just a pull back from intra high that created, and will recovery.

I hold my position (will sell 919 if it broke at a loss). The stock does quickly recover back, held the bid at 922 923 strong despite I had to wait for another 4 minutes to sell my position as profit at 926. (It does created another intra high: 927)

3)Momentum Play: Setup: I want to see another intra high (because the stock is strong/uptrend/above vwap and broke resistance level) and I want to wait a pull back to take a trade. (Short) at 11th 1m candle.

The stock does going up to 928 create another intra high. Held ask: 927-926. Then broke it going down to 925. I enter a Put at mid 925. Stock quickly pull back 926 but failed to hold at 926, Stock drop to mid 923 and I exit based on my plan with 2 points profit.

What I did Right:

1) I read the tape even when I trade/enter position/and sell position.

2) I trade based on my plan, even though my plan is to scalp 1-2 points, but I did enter and exit on my setup. Sometimes, maybe I could wait another longer to wait extra points, but I did executed my trade, no more no less.

3) This one is the one I am proud most today (It's my 2nd trade). Even though, I was paying the price little extra higher price not based on my plan when I fail to filled my bid. I did not go to FOMO mode and sell at lost when the stock not going my way, instead, I take my time, looking at the chart and tape closely, and I know my setup is ok (not that great cause I paid extra higher price), but I do believe my setup will profitable, it will take a bit more time to recover and created another intra high to sell my position at profit and is does, and I very proud of myself that, I did not going to FOMO mode and sell my position at loss if I am not think twice about my setup plan.

What I did Wrong:

Also in the second trade, I was failed to filled my price when it going higher, the reason I failed is because I did not executed (sell) my position immediately when the setup already in place because I was thinking "maybe the stock going higher"?. Then, when it quickly pull back in second to the original price when I enter, I need to spend another 4m hold my position and sell at the better price.

Where I could improve:

Still, I want to follow my plan, like the 2nd trade, if it already going my way, please executed at 2 points as I plan, next time, I don't want/or wish to see another jump higher to sell (maybe I will cut my profit earlier based on my plan (1-2 points), but IT'S ONE GOOD TRADE)

Trade grade: B

Please feel free to comment and your opinion, thank you!