TSLA Trade on Sep 28, 2022 11:29 from quanphan135: Tradervue User Stock Trades.

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quanphan135

 

This setup is a break out play, when tsla shooting from 282 to 285 (3 points) in 5m candle, big volume. I bought call when is pull back, ready to for a break out play with atleast 4 points up side. But got destroy when buyer decide to sell for profit. However, I only risking $1 for this trade and I did get out within my risk. So, great plan/ setup/ R/R and great execution. A loss just a cost of opportunity. Market go either way and is random.

Thing I need to improve:

1) Break Out at noon is something I need to be caution because it's slow volume environment. For this, I will decrease my size just to improve my edge of noon time, or just elimated those trade and observe the market.

2) Original plan was 50c risk but I expand my risk to $1 after entries. So, when the trade not going my way, I can SCALE OUT MY LOOSER at 50c and keep one at $1 (So, I can cut half my risk)


Execution detail:

Date/time Symbol Side Price Position
2022-09-28 11:29:18 30 SEP 22 285 CALL buy $5.350 long
2022-09-28 11:38:54 30 SEP 22 285 CALL sell $4.700 long
2022-09-28 11:38:58 30 SEP 22 285 CALL sell $4.650 0


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