TSLA Trade on Sep 14, 2022 09:42 from quanphan135: Tradervue User Stock Trades.

The set-up: Break Out

After the first Break Out Setup, hit the bid early (which is the right thing to do).

Tsla bounce back from support 291.75 to 292.50, held the bid again trade over VWAP, I looking to add another CALL contract to ready for another break out. Could not get fill the contract at $5 (its trade at 5.20, too expensive for me), tsla shoot up to 294 again, I wait another pull back before go LONG. Pull back does not happen, stock trade at 293.94 resistance and held the bid and continue shooting up to next resistance 295.25. Now 294.50 is the support, volume pick up. I entries right at the pull back 294.50. Get this contract at $5 at the support. Exist loss: 50c (294), Target gain: $1 295.50). I sold at $295, so only 0.50 underlying asset. For contract $5.25, so this trade only have 1:1 risk/reward.

After sell this contract, tsla continue to shooting up broke both resistance 296 and 296.50. The contract trade at $6. This is where I should hold my contract (because I play a break out). SOLD TOO EARLY, my original is 1:5. For contract: If I risk .25, I aiming for $1.25 (contract)

What I did Right:
Get in the pull back support after confirm the volume and trend.

What I did Wrong:
1) Sold way too early for $100 gain (lol). Missed $400 gain move.
2) Trade 1:1 when I want 1:5

Where I could improve:
Keep control your emotion before entries the trade, and when I IN THE TRADE.

Trade grade: B-