One of those stocks that you watch
Open
- Took the flip trade on it breaking back into the 251.5 range and holding. First entry on the VWAP break, didnt want to double entry just yet without confirmation of the downside bias, the next candle retracted and broke down the previous candle low and I took the second entry. Pirce action started to consolidate Took minor partial on the consolidation, bottom of the consolidation, break down of the consolidation and rest at break even. The price action broke back into the range (which should have been the all out) at that point price action rejected the idea and I shouldve gotten out.
Reflection
- 3 indicators? Yes, first entry called for.
- Scaling? Yes, additional entry called for.
- Partials? On it showing me resistance and break down, rest at break even.
- Risk management? Yes, good. Last partial should have been out on the break back into the consolidation.
- What went right/wrong? Trade idea was valid, entries and partials were called for. All out on the break even.
- Successful trade? Traded, the technicals. emotion not in check however BECAUSE if it broke back into the range and rejected the idea, why wouldnt I get out? Its unreasonable and illogical not to. Only answer is that my emotions were steering my trades.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-12-15 09:45:35 | TSLA | sell | $250.840 | short |
2023-12-15 09:46:06 | TSLA | sell | $249.900 | short |
2023-12-15 09:46:48 | TSLA | sell | $249.900 | short |
2023-12-15 09:49:54 | TSLA | buy | $249.760 | short |
2023-12-15 09:50:32 | TSLA | buy | $249.470 | short |
2023-12-15 09:50:54 | TSLA | buy | $249.060 | short |
2023-12-15 09:53:05 | TSLA | buy | $250.030 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!