TSLA Trade on Jan 7, 2019 12:26 from MarcoG: Tradervue User Stock Trades.

Consolidation Squeeze Play!!

Requirements:

RVOL: Possibly >1.5
pmVOL: Possibly >50 K
avg Vol: > 1M
Vol @ Day : > 1 M
Gap: If possible but not strictly needed
Long Term Chart : Possible Pocket, trend already defined and strength.
Float: > 20 M
Short Float: Possibly >40%
Institutional Ownership : Possibly > 100%
History of Gap Follower: Neutral
History of former runner: Possibly YES
Major ETF movement and strength: Possibly Trending with strength

Bella TSLA :D

I am happy about this trade cause for the first time I let the price go up to my profit target. I could have waited longer for my entry but the stock was really strong with a catalyst. This gave me confidence in anticipating the entry just few minutes before. I admit I have cut some 0.20$ on my targets, but on 3.5$ profit 0.20/0.30$ is not so relevant but still it's something I have to keep practicing over and over again. I have considered TSLA due to the great news regarding the new model Y and with a strong SPY, TSLA moved really nicely giving opportunities with the opening range breakout on the 10 min but also afterwards at 12:30. Not the best hour to trade actually but the stock was strong and holding the vwap. The trade was on the long side so I am happy that I have detached myself by a bearish attitude when needed. SPY is strong at least as a retest of the previous resistance thus I have to adapt for a daily trade following his main direction but this does not indicate that we are in bullish trend cause it's still to early.

01/15/2019:
The profit takers are completely wrong. I ruined the trade

01/19/2019
SL: -1.5$
T1: 333.53
T2: 334.28
T3: 335.03
T4: 335.78 Trailed stop but not less

T1 & T2 & T3 were achieved with no retest of my entry.
The rest of the trade would have been closed then at above 336 and giving it then last little 5th piece the time to move but in this case it would have stopped around T1
Profit: 15.89$ risking 7$ buying 5 shares