TSLA Trade on Oct 20, 2015 10:26 from Holden: Tradervue User Stock Trades.

BREAKING NEWS - INTRADAY FRESH NEGATIVE CATALYST- 3 trades- TSLA
Research and information collection (what I was seeing and where I sourced the idea):
Breaking news catalyst recognized by price action and confirmed by Twitter before getting involved.
Creativity and the generation of trading idea (my thought process for what could develop):
As soon as the action confirmed the catalyst with the break lower below key support I go right into my Breaking news play and look for 3 possible set ups to develop: 1) Momentum scalp 2) Continuation play 3) Trend play lower
These are all plays in my playbook that I have developed rules for and have rehearsed.
Entry execution and position management (Why did I take the play, why did I size as I did and what was my plan?):
A bulk of my risk control was accomplished through my entry executions. With the initial scalp play in this name it is all about making the action get below key S and buying on the initial drive below, second entry is best when action rallies up into R and fails so I need to be very patient there looking for the action to set up well before getting involved. Was looking for more of a consolidation before 3rd extension lower that did not set up so I did not get bigger there. Size was in line entire time. 1 tier then 2 tiers on the second leg move which is my favorite part of the move because of how I can control risk effectively.
Risk management and exit execution (My plan for the play and my reasons2sell):
Risk management- Risk on initial move was against 222.15, second play was against 218.7 and vwap. NIce job of waiting for retracements up to r levels to get involved so I could effectively control my risk.
Exit Execution -
Set exits according to plan and let action get there then on final pieces, took exit when options gave unusual skew and price action had stalled at a potential important level, 215, 212.5, 210.

Self Management (Specifically self talk and did I support myself in a way that allowed me to execute to plan):
Managed myself really well focused on executing to my plan and following through with the one exception being the final piece which I did not make the stock beat me by trailing my stop down against vwap. I was too nervous about the action spiking lower and then popping back up and giving back a lot of the move. Felt as if I did not trust the continued downside pressure.
Next steps:
When I took my final piece off on the break down below S level out of the brief consolidation I considered getting long but needed to see a hold higher before. I need to just take a step back here and let the price action settle given the 10% move in 45 min. This is the juncture where I am more expecting the action to consolidate into the close then wait for what sets up tomorrow.
- This note above actually took me out of a potential really nice bounce play that developed. Monitor my mindset and work to stay in the present. Take advantage of the opportunity in front of me, dont force things, but be aware of what is currently developing.