This was a good trade in TSLA!
TSLA had rejected the 280.50 area before. It tested it, rejected, reached a bit higher, rejected it and then consolidated around 280 when I saw that pattern.
I watched the tape closely. In particular the Bid at 280. When I saw the Ask go up and come back down, but bid not moving, I gave it a stab with tiny size.
The Bid dropped! Then TSLA remained there a bit and I was worried about a fakeout.
I should be more confident in cases like this and go for some size. At least a whole Lot of 100 shares. Very good risk/reward. ,
I took the first profit way too early and should have just let it run. Again, more confidence.
I did good on the rest of my profits, but have to learn how to double up and add size on pullbacks!!!
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