TSLA Trade on Jan 2, 2024 09:38 from Dandres: Tradervue User Stock Trades.

One of those stocks that you watch

Open
- So in the moment I was watching the price action do a retract retest to the upside that FAILED , took a first entry on the failure, let it give me a retract retest to the downside and it did, took my second entry where it broke down to the bottom of the range again. Took the opportunity to take my first partial, the rest at break even, the trade didnt resolve any lower than that. Better second exit here would have been the break of the mini consolidation level at the 245 level and the rest at break even but i overlooked that.
Reflection
- 3 indicators? Yes, first entry on watching the tape fail the break up.
- Scaling? Yes, second entry on the break down further on the retract retest into the 246 break.
- Partials? Yes at the bottom of the range and the rest at the break even.
- Risk management? Second exit would have been better at the break of the mini consolidation but I missed it.
- What went right/wrong? Trade idea was valid the trade execution could have been better but I managed it as best as I saw it in the moment.
- Successful trade? Yes, could have turned better.