One of those stocks that you watch
Open
- Watching TSLA at the open. Premarket plan was to possibly take a short on the break of the PD close to the downside or a sustain above the VWAP to move even higher. The price action on the following candle opened up and broke above the opening candle's high. The price action rejected and came down to break below the VWAP again, got out on the rejection.
Reflection
- 3 indicators? yes, first entry was called for.
- Scaling? No.
- Partials? no.
- Risk management? Stop loss was below the VWAP. Price action breaking above the previous candle and coming back down below the VWAP wasn't very positive of the resolution to the upside.
- What went right/wrong? Trade idea was valid, trade execution was valid.
- Successful trade? yes, traded the technical and emotions in check.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-12-18 09:31:15 | TSLA | buy | $254.240 | long |
2023-12-18 09:31:28 | TSLA | sell | $253.340 | 0 |
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