TSLA Trade on Oct 23, 2018 09:37 from boldandnuts: Tradervue User Stock Trades.

Doubling Down out of my Mysery with $TSLA 
For $TSLA I had the 252, 249.50 and 245 levels marked for support and 262 and 265 (EMA9) for resistance. 

But $TSLA turned out to be strong and made quite a move during premarket. Well above the 265 level I had marked down. 

Above Levels were 273ish with the EMA20 and then 281.50 to 282.50ish for a previous high and nothing more until 292 and above. 

Still I saw $TSLA making the spike up to above 270 during premarket and pulling back from that.

As the SPY gapped down over night rather hard to its critical 270 level I somehow expected a test of lows before a bounce later in the morning. Hence I expected $TSLA to make more lows. 

The Open in $TSLA
At The Open $TSLA showed some resistance at 267 and being overconfident after the past days and my good first trade in $NFLX, I used that 267 for an entry. NOT even watching the tape. Really stupid!!! 

I did not even take it off on a retest of 267 as I was so short biased. I was not thinking clearly and too patient. I thought it would play itself out and ignored the fact that $TSLA really was STRONG. 

Looking at the chart now shows me, that I really managed(!) the trade very well. Adding at 272 and 273.50 were good. Even the add at 275 and the one at 278 were good. 

Forced to Double Down
My second add for a possible retest and reject of 278 was not so good. Although I saw hesitation on the tape. 

$TSLA spiked up and reversed. Then found support at 276 to make another move higher. 

A move higher to THE LEVEL I HAD MARKED DOWN and should have waited for in the first place. 

My mistake now was to stop adding and not entering at 280, but waiting for that 282ish that $TSLA did not get to.

Let it play out
I did good on waiting for the trade to play out. I saw the support at 276 hold, but was confident for more lows and even eyed at a Backside Trade, but $TSLA was too weak for that. 

So I waited for TSLA to play out with VWAP and EMA9 in mind as targets, but planned to take off half around my break-even. Just in case it bounces and to add back at higher prices. 

$TSLA sold off to VWAP and taking it off here before the bounce was really good. For a moment I thought it might even crack VWAP and I stuck to a piece, but took it off at break-even.

Bad Risk/Reward
Being down $-450 in its peak and just getting out a mere 20$ of profit is really shitty. Bad Trading. 

Looking at it in hindsight it is a clear breakout candidate with a beautiful pullback to my short entry at 267 and support where I had seen that previous resistance. With plenty opportunities to add LONG on the way up to 281. What a move!