TSLA Trade on Sep 26, 2022 09:46 from quanphan135: Tradervue User Stock Trades.

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quanphan135

 

The set-up: Opening Drive/ Break Out Play

Market Gap Down

When the market is open, I saw tsla price holding psychology support 270 support (even its already below (VWAP 272.03). After that, tsla bouncing to (273.50 pre-market resistance), broke and pull back. I still wait market to give me a CLEAR TREND before setting any SETUP AND R/R

TSLA finally broke and trade 274-ish (This is a confirm break-out play setup and morning drive), now I only need to find a good entries have at least 1:4 R/R.

Tsla finally shooting to 278, finally pull back to 275.50, confirm this is a "Bull Trend" and "Healthy Pull Back" - I bought a CALL there at 276.25, risking about 50c & Target: $1 to $2 - And I got for 1:3R .. $1.60 points

What I did Right:
1) Having a pre-market plan.
2) Patient and Identify trend
3) Confirmed the trend and planning for setup with excellent R/R only.
4) Executed the setup/plan with cool mind and accepted fully risk. Let's the SETUP PLAY OUT THE PLAN

Where I could improve:
1) This trade could scale in, buy more the winner to maximize profit (I left $2 points run)
2) Increase initial sizing so that I can scale out for the winner run

Trade grade: A


Execution detail:

Date/time Symbol Side Price Position
2022-09-26 09:46:47 30 SEP 22 276.67 CALL buy $7.650 long
2022-09-26 09:50:04 30 SEP 22 276.67 CALL sell $8.450 0


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