TSLA Trade on Jun 27, 2023 09:42 from Dandres: Tradervue User Stock Trades.

One of those stocks that you watch

OPEN
- At the open was watching this stock and at the time I was seeing a consolidation level forming on the 1 minute chart. Ill be honest, I wasn't even looking at the 5 min chart at this point but I should have been looking at it because I would have been able to see that the stock was trading and closing as dojis for the past 10 minutes. The better entry would have been to get in at the break of the consolidation. The second entry was too rushed because the level hadn't even broken at that point yet. The price action flushed down completely and stopped me out 80% size.
- Second trade was a break of the highs trade that resolved, the additions were too stretched and too quickly done. At some point I could have broken even after the 50% retract move but I wanted to be right more than I wanted to protect my money at this point. Took the full size hit.

Reflection
- I definitely need to start developing my consolidation range breaks trade book. Set the clear rules of when and when not to get in.
- Scaling is super important, any time you get in you are always at risk and even more so when you have larger positions.
- The additions were not called for.