One of those stocks you watch
- Plan A size 50, Plan B size 40.
Open
- At the open I was watching TSLA. The first 2 5 minute candles were to the down side. But during the third 5 min candle the price action was making higher levels at the VWAP. First entry was very close to the VWAP and the second entry was the strong break of the red 1 min candle between the two trades. The stock took off and I took first partial at 1R, move stop loss and then the stock touched my stop loss and stopped me out. The price action in that move went all the way to 250 but then broke down immediately! Phew.
Reflection
- Nice use of volume and levels confirmation. Although, there wasnt simultaneous 5 min chart confirmation just yet but it worked out. lucky! Decent trade.
- Nice risk management with the stop loss. Who knows, it could have went down even lower.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-06-09 09:42:51 | TSLA | buy | $247.730 | long |
2023-06-09 09:44:53 | TSLA | buy | $248.230 | long |
2023-06-09 09:45:31 | TSLA | sell | $249.150 | long |
2023-06-09 09:45:59 | TSLA | sell | $248.180 | 0 |
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