TSLA Trade on May 5, 2023 09:38 from Dandres: Tradervue User Stock Trades.

PREMARKET
- No premarket news, was watching it because it has been trading decent the past few days but also was approaching this very respected daily level around $165.
- ETB, MC, ATR: $7-8
- The premarket plan was to watch this around the level of $165 either using it as support or as resistance for the corresponding moves to that direction.
OPEN
- At the open the trade was trending to the upside, after the 5 min OR.
- TRADE 1: Added first entry on bull candle confirmation on 1 & 5 min candle confirmation. I did not get the chance to scale in completely. So only 25% position. Risking about 34c which was GREAT for the upside potential. I didn't get to watch the entire leg develop BUT it broke to the next level to $169.65! A $4.65 reward potential, it would have been a great trade if I didn't have to go to work this morning. First partial $1 Reward/share + next partial around same level due to the sideways consolidation.
REFLECTION
- Great trade overall, great entry with MASSIVE R:R potential, good movement on changing the stop loss after partials.
- Need to heavily work on scaling in appropriately, it keeps leaving me.