TSLA Trade on Dec 26, 2023 09:54 from Dandres: Tradervue User Stock Trades.

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Dandres

 

One of those stocks that you watch

Open
- Price action broke very strongly with some nice volume, took first entry on the break. Second entry on the following candle that retracted and came back to break the level again. Ripped up nicely, took third entry on the break higher. Price action after was very undecisive and consolidating, my stop was the break of the 254.5 back towards the VWAP but towards the end I could see the resistance to break to the downside. Held the position and it ripped up to the top of the range again, took an additional entry and it shot up. FIrst partial approaching the high of the opening range. The target was the previous day open and if possible the previous day high. Took partials along the way, out on the break of the 20 MA since it seemed to be follwing 9.20 nicely.
Reflection
- 3 indicators? Yes, first entry called for/
- Scaling? Yes, additional entries on the break ups + volume.
- Partials? At the high of the opening range, and rest along the way to the previous day open/high.
- Risk management? Scaling on indicator, watching the price action on the consolidation to confirm upside support.
- What went right/wrong? Trade idea and execution was valid.
- Successful trade? Yes.


Execution detail:

Date/time Symbol Side Price Position
2023-12-26 09:54:29 TSLA buy $254.650 long
2023-12-26 09:55:11 TSLA buy $254.640 long
2023-12-26 09:55:24 TSLA buy $254.850 long
2023-12-26 10:07:52 TSLA buy $254.960 long
2023-12-26 10:08:21 TSLA sell $255.370 long
2023-12-26 10:21:00 TSLA sell $256.380 long
2023-12-26 10:25:38 TSLA sell $256.750 long
2023-12-26 10:29:26 TSLA sell $256.160 0


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