TSLA Trade on Mar 31, 2023 09:30 from AndyBhanver3: Tradervue User Stock Trades.

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AndyBhanver3

 

TRADE IDEA - (TREND TRADING, BREAKOUT AND BREAKDOWN, REVERSAL TRADING, MOMENTUM TRADING, GAP AND GO)

PLAY IDEA/SETUP - DAILY FLAG BREAKOUT

REASONS TO ENTRY (ENTERED CLOSE TO A SUPPORT/RESISTANCE THAT WAS HOLDING, RECLAIM WICK OFF POINT OF INTEREST) - #1. ENTERED HERE AT OPEN AS WE BROKEOUT OVER 197.4 HORIZONTAL RESISTANCE

REASONS TO EXIT (EXIT AT SUPPORT/RESISTANCE WALL/EXTENSION, LARGE OFFER, VOLUME DROP OFF) - #1. EXITED 10% INTO 199

-#2. EXITED ANOTHER 10% INTO 200 AND THEN 200.5 RESISTANCES

-#3. GOT OUT FLAT MOST OF MY POSITION - 70% HERE INTO 204.3, WE REJECTED FROM 204.9 AND DID NOT HIT MY 205 TARGET, I DID NOT WANT TO BE GREEDY AND DECIDED TO EXIT HERE AS WE STARTED TO FELL HEAVY AROUND 204.5 AND STRUGGLED TO MOVE ABOVE

PT - #1. 205

MARKET CONDITIONS -#1. TRENDING, DESPITE HAVING A DAILY EXTENSION, TREND DAY TO UPSIDE

TAPE (AROUND SIGNIFICANT AREAS) - #1. DIDN’T FOCUS TOO MUCH ON TAPE HERE, JUST CONTINUED TO MOVE UP TRAILING STOP AT EVERY 5M HIGHER LOW UNTIL MY PT 205, STARTED TO SEE HEAVINESS AROUND 204.5

REFLECTION - #1. BEAUTY TRADE, WAS THINKING ABOUT ADDING MORE NERA 197 HERE BUT AFTER YESTERDAY WITH NO BREAKOUT CONTINUATION, I WANTED TO BE MORE CAREFUL HERE

MISTAKES (DON’T GET UPSET AT LOSSES, BUT GO BACK REVIEW AND MAKE SENSE OF WHAT WENT WRONG WHY DIDN’T THE TRADE WORK AS YOU EXPECTED IT TO AND ONCE YOU FIND THE SOLUTION YOU WILL FEEL MUCH BETTER) - #1. GREAT SETUP, NEEDS MORE RISK, HOWEVER I UNDERSTAND WHY I TOOK THE SIZING I DID AFTER THE P.A ON TESLA YESTERDAY AS WE BROKE OUT AND HAD NO CONTINUATION - COULD HAVE ADDED POSSIBLY MORE AS WE MOVED OVER 200.5 HERE HOWEVER AS WE WOULD BE BREAKING THOSE DAILY HIGHS HERE, THAT COULD HAVE BEEN A MORE CONSERVATIVE AAND REASONABLE ADD AS WE STARTED TO GET THE MOVE THAT I WAS EXPECTING YESTERDAY

-#2. WE MOVED A LOT FURTHER, BUT MY TRAILING STOP WOULD LIKELY HAVE BEEN HIT AT 205.5 OR AT 204.5

SOLUTIONS -

IS THIS STRATEDGY WORKING OR NOT? PROBLEM? SHAKEN OUT TOO EARLY, RIGHT TRADE WRONG TIME, TOO TIGHT STOP LOSS?

WAS THIS A GOOD SETUP, DID I EXECUTE WELL, DID I FOLLOW MY PLAN, WAS MY MENTAL IN TACT? #1. BEAUTY SETUP HERE

BUILDING A NETWORK / STAYING UP TO DATE WITH MARKET TRENDS, NEWS AND DEVELOPMENTS - EDGE, UNIQUE TRADE STRAT,


Execution detail:

Date/time Symbol Side Price Position
2023-03-31 09:30:22 TSLA buy $197.740 long
2023-03-31 09:40:27 TSLA sell $199.000 long
2023-03-31 10:31:08 TSLA sell $199.900 long
2023-03-31 10:36:17 TSLA sell $200.500 long
2023-03-31 12:14:38 TSLA sell $204.320 0


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