TSLA Trade on Oct 19, 2015 09:35 from Holden: Tradervue User Stock Trades.

ANTI PLAYBOOK -
Trading Price Action - Not having enough checks in my favor for real edge- TSLA- Again, Idea of what could be.
TSLA was gapping down into a key level (225 and held that level early in trading so I looked for a move higher without real support.

Research and information collection (what I was seeing and where I sourced the idea)
Pre-market price action pulling back to key support level at 225 but not dripping and knowing there was possible R up at 231-232 level that was not tested yesterday but may be tested before this name pulls back at all.
Creativity and the generation of trading idea (my thought process for what could develop)
I had no creativity nor quality idea generation in this name. I looked at the price action holding R level on the open and thought- “this could extend higher and could run up today. I want to look for more in this name. Maybe it spikes higher.
IT IS ME TRADING WITHOUT CONFIDENCE JUST GUESSING and HOPING.
Entry execution and position management (Why did I take the play, why did I size as I did and what was my plan?)
Entered really early in the session thinking this could be a gap down, failure to take out ONL and fade to the upside play. This was not a bad idea to be writing down but it was certainly not a trade I want to be making without real confirmation first which I did not get as the name was certainly not in play early with such little volume and failing to clear R level.
Risk management and exit execution (My plan for the play and my reasons2sell)
Kept position small and when action failed to hold higher, ended up cutting because my idea did nto develop.
Self Management (Specifically self talk and did I support myself in a way that allowed me to execute to plan)
WAS NOT MY PRIMARY FOCUS, WAS JUST ME TRADING OFF FOMO and not wanting to miss a strong move instead of displaying the confidence in my decision making skills needed to be a CPT and continue to grow and develop. .
Why is this my anti-playbook trade and what do I need to do to improve
Play to my strengths. Although this is a set up I love, this was not the way to execute that set up and certainly not the opportunity with enough checks in my favor to be able to have a real actionable edge in front of me.
I need to re-read all of my anti-playbook trades from the last week tonight because I feel like they are all exactly the same and then find a way to get my focus in the right place so I have the confidence back to pass on these low probability set ups where I take a trade based entirely on the price action and then hope they work out for me (they rarely do and even if they do, its trading as a victim not trading with confidence and the appropriate amount of control where I can expect consistency. Stop this pattern of trading to get lucky, Lets re-enforce positive patterns of waiting for great edge and executing that edge with consistent aggression.