One of those stocks that you watch
Open
- Price action finally gave into the upside break. The price action opened and broke above the sideways range it was trading in. Took the first entry. Did not want to scale in second position just yet because I wanted to watch the price action sustain the break, which it did. At that point it was a bit extended but the volume and momentum was still there, took the second entry on the new candle open and break higher. noticed I had a nice profit sitting unrealized and reminded to not expect the price action was going to rally any higher. Took first partial. The price action gave in again and make a higher high on the mini consolidation around 255.5-256 took my third entry. Started taking partials along the whole move to the upside. eventually out on the reversal indicator, and the price action breaking back into the 257 level that it had broken out of (can be seen in the 1 minute chart).
Reflection
- 3 indicators? Yes, first entry called for.
- Scaling? Yes, additional entries called for and on my end indicators.
- Partials? Yes when the market gave me opportunity to take money off the table.
- Risk management? Knew exactly where my stops were and partials at the opportunity.
- What went right/wrong? trade idea and execution valid.
- Successful trade? yes.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-12-18 09:33:06 | TSLA | buy | $254.230 | long |
2023-12-18 09:34:03 | TSLA | buy | $255.670 | long |
2023-12-18 09:35:37 | TSLA | sell | $255.590 | long |
2023-12-18 09:36:09 | TSLA | buy | $256.000 | long |
2023-12-18 09:36:43 | TSLA | sell | $256.330 | long |
2023-12-18 09:37:29 | TSLA | sell | $256.270 | long |
2023-12-18 09:38:31 | TSLA | sell | $256.580 | long |
2023-12-18 09:40:07 | TSLA | sell | $256.750 | long |
2023-12-18 09:42:47 | TSLA | sell | $256.540 | long |
2023-12-18 09:43:27 | TSLA | buy | $256.980 | long |
2023-12-18 09:43:51 | TSLA | sell | $256.920 | long |
2023-12-18 09:45:27 | TSLA | sell | $257.330 | long |
2023-12-18 09:46:13 | TSLA | sell | $257.060 | long |
2023-12-18 09:47:07 | TSLA | sell | $256.830 | 0 |
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