TSLA Trade on Nov 25, 2020 09:34 from spyrosz: Tradervue User Stock Trades.

Got hit premarket, selling off from $570 to $545 on news about a) having to retire some vehicles with roof problem, b) China goverment wanting to regulate the EV market. Chinese EV names lower as well.

Extended on daily, but that's no reason to think short in TSLA.
All I did was to put some offers close to R2=yesterday's HOD=$559 (R1=yesterday's close=$555), expecting a "Bearish Bias-Holding Resist. at R1/R2 and DTSB" kind of play:
- pop towards R1/R2 at the open,
- clear/obvious rejection there,
- roll over below VWAP,
- add through break of opening print and S1=$549-550
- retest of S2=premarket low=$543.5s
- Desc. Triangle in-front of S2=$543-545 area, break lower later in the day towards S3=$530s.

Played so good that I really thought I have a solid winner here.
Opened strong and pushed right into the offers,

got short Tier 0, risking tight stop above R2=$559-560 area, expecting a complete roll-over and a retest of S2=premarket low=$543s at a minimum.

(-) DIDN'T ADD through VWAP as per plan since I wasn't so comfortable pressing short, lowering my average. Instead, I played defense and took profits on the way down.

Reloaded some shares short after the rejection of VWAP to the penny, bringing stop above the lower high $552.5s, expecting the break of LOD=$546 and a move lower to S2=$543s, and $540 area.

Covered the add in-front of LOD, stayed with core. Proactive cover once it reclaimed S1=$549, all-out the moment it put the higher low and stayed above VWAP.
No need for heroes here.