One of those stocks that you watch
Open
- Oooof this was going to be such a sexy trade. The price action broke up above the VWAP and came back up to the 251 range that it had been testing this morning and broke out. Took the first entry on the break, second entry (bit quick) on the follow candle on the retract retest, the third on the candle closing on confirmation and opening a new candle to break up. Fourth entry on the break of the 251.5 level. I was ready for the price action to rally up at that point BUT it didnt omg. Rejected instead, dissapointed but I knew anything could happen, the price action broke back into the range, I got out with a minor loss. It was a big rejection, could have turned into a bad false break up. Nice trade.
Reflection
- 3 indicators? Yes, first entry called for.
- Scaling? Additional entries called for nice.
- Partials? Out on the price action rejecting and coming back down to break the top of the range 251 that it had just broken out of.
- Risk management? Knew where my stop was, scaled in appropriately, trade idea and execution was good.
- What went right/wrong? trade idea was valid, the trade execution was valid too.
- Successful trade? yes, emotions in check, nice potential trade rejected but I got out and followed my edge.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-12-15 10:05:17 | TSLA | buy | $251.120 | long |
2023-12-15 10:06:53 | TSLA | buy | $251.070 | long |
2023-12-15 10:08:05 | TSLA | buy | $251.270 | long |
2023-12-15 10:09:35 | TSLA | buy | $251.630 | long |
2023-12-15 10:10:36 | TSLA | sell | $251.070 | 0 |
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