TSLA Trade on Jun 20, 2023 10:09 from Dandres: Tradervue User Stock Trades.

One of those stocks you watch

Open
- Was watching this for the consolidation period it had been creating. Took my first entry on the higher levels it was forming. The second entry was at the strong break of the consolidation range on a new 5 min candle. The levels rejected right away and started making way to the downside on good volume. Got out before stop loss.
- At this point I was thinking to myself that for the stock to be making drastic moves like this I needed to be extra careful.

Reflection
- I would say I had good risk management on this considering the stock rejected against me and I decided to get out on this on the solid rejected confirmation.
- I also was using much smaller size and trying to risk only 30% of the current gains I had made for the day.
- All in all I think this was a well managed trade.
Your job isn't to be right it's to manage your risk