TSLA Trade on Oct 3, 2022 09:35 from quanphan135: Tradervue User Stock Trades.

The set-up: Opening Drive Play/Break Out

I Patient at the open to see what happen with tsla either clear trend or consolidate pre-market range. Follow my plan, after getting a clear selling signal and broke 252-250 long term and psychology support level. Stock undervwap, I enter a PUT at 248. Risking around $0.75. Target loss 249, target gain 247 and 246. First scale out at 247 and second scale out at 246.20 (Total 2R play)

What I did Right:
1) Follow the pre-premarket plan
2) Patient at market open, looking for a setup with good R/R
3) Patient, take time to draw entries and exit (avoid random trade/random entries)
4) Only looking for opening drive play. With 2 contracts (Follow Risk Management Plan for Oct)
5) I Scale Out (Let winner run to maximize profit)

What I did Wrong:
1) I did not wrong anything. Could bought at 249 or 250, but I did not getting in big 2nd sell off candle because I want to make sure the trend is clear and does not create a fake break down

Where I could improve:
1) A+ Setup, keep focus this setup with high R/R plan so I could increase more size later.
2) I could let my 2nd scale out run abit more since tsla drop to 242 intra low (missed few big points, but that fine since my original target was 2 points = 2R)

Trade grade: A