TSLA Trade on Oct 24, 2018 09:40 from boldandnuts: Tradervue User Stock Trades.

Searching for a Bottom in $TSLA

I really thought TSLA would Bounce and rally to test the confluence of its Daily SMA100 and SMA200. Besided the fact of an early (positive!) Earnings-Report after the Bell. (Why else would they prepone it?)

Hence the I had the 310-312 levels as resistance as well as 315, 317 and 326 above that.
To the downside I had 296.50, 295 and 281 marked for support.

$TSLA just made it to 305 and sold off hard from there. I missed the whole move and watched it as it came to 295. $TSLA still looked weak and I initiated a starter as it dropped 95 wiith 296 as target1.

$TSLA spiked into 297 and I accidentally had taken off 14 out of 15 shares off below 296.

With the SMA50 at 292ish I looked for another support and initiated a first starter. $TSLA rushed throug it and my entry was bad.

$TSLA really sold off and I had 288 and 285 in mind to add more and possible support for a bounce. There was no real reason for that. Just out of trade-management perspective to add every 3-4$ and get a good average price on up to one lot.

$TSLA moved really fast and to time my entries was difficult and looking at it I always was too early. Not that I could have told while trading as I did not pay enough attention to the tape.

My Limit Order I had placed at 285 was never filled as $TSLA found support at 286. When I moved it to 286.50 it was not filled. My average was at an unfortunate price of 290.50 just above the 290 resistance.

Here I took off half at break even with a test of 286.50s in mind for another add.

That did not happen. yet. As I was unhappy with my average and how $TSLA traded, I took off another half at break even on its spike to 292 with my target being 294.

I had an order placed at 286. TSLA came down to 285.50, bounced and eventually I took it off, just to add above 287 after a second and third test of 286.50s held. Average 288.56 with Target1 at 290.

$TSLA spiked up to the 289 resistance and reversed down to spike down to 286 and bounce to rally. Of course, I already had taken off my order at 286 for another add as the market really looked weak.

$TSLA bounced and I took off my trade at 290, 291 and 292 stopping out the rest at 290. Just when $TSLA decided to run for new highs...