TSLA Trade on Dec 28, 2022 09:32 from AndyBhanver3: Tradervue User Stock Trades.

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AndyBhanver3

 

TRADE IDEA - (TREND TRADING, BREAKOUT AND BREAKDOWN, REVERSAL TRADING, MOMENTUM TRADING, GAP AND GO)

PLAY IDEA/SETUP - HOD BREAKOUT - OPENING DRIVE

REASONS TO ENTRY (ENTERED CLOSE TO A SUPPORT/RESISTANCE THAT WAS HOLDING, RECLAIM WICK OFF POINT OF INTEREST) - #1. TESLA GAPPED UP AND THIS WAS THE FIRST SIGN OF A POSSIBLE UPSIDE CONTINUATION AND RETRACEMENT

-#2. HAD A DIP AND RIP OFF THE OPEN HERE AND CAME BACK TO HOD HERE WHERE I GOT LONG LOOKING FOR THE CONTINUATION TO THE UPSIDE HERE

-#3. STRONG BOUNCE AND RECLAIM OVER 110 AS WELL AND MOMENTUM COMING IN

REASONS TO EXIT (EXIT AT SUPPORT/RESISTANCE WALL/EXTENSION, LARGE OFFER, VOLUME DROP OFF) - #1. HELD WITH CONFIDENCE LOOKING FOR UPSIDE CONTINAUTION HERE INTO RESISTANCE, HAD TESTED 114 AND REJECTED BUT AFTER THE PULLBACK AND RETEST AT 114, BROKE OUT TO THE UPSIDE HERE INTO 115, TOOK 50% OUT HERE

-#2. BROKE OUT NICELY OVER 115 AND HERE AS WE MOVED UP INTO 116 NEXT WHOLE NUMBER, TOOK MY NEXT EXIT HERE AS WE GOT EXTENDED INTO THE NEXT WHOLE NUMBER AND DESPITE BREAKING OVER 116 INTO 116.1 CAME BACK BELOW 116, GOT FLAT HERE, LOOKING FOR A PULLBACK RE-ENTRY

PT - #1. HAD A PT AT 114 - 115 HERE, BUT AFTER THE FIRST TEST AT 114 WANTED TO BE PATIENT HERE AND LET PRICE RETEST 114 AGAIN TO SEE REACTION, AND THEN AT 115 HAD A VERY NICE BREAKOUT HERE WITH OUT MUCH HESITATION

MARKET CONDITIONS - MARKETS BOUNCING AT SUPPORT RIGHT AT OPEN AND CONTINUING NICELY TO UPSIDE HERE INTO NEXT RESISTANCE

TAPE (AROUND SIGNIFICANT AREAS) - #1. STRONG TAPE HERE WITH BUYERS IN CONTROL, STRUGGLED AROUND 112-113ISH BUT ONCE WE 5M CANDLE CLOSED ABOVE WE CONTINUED UP TOWARDS 114

-#2. REJECTED 114 BUT AS WE PULLED IN, WAS CONTROLLED AROUND 113 BUT THEN POPPED LOWER AND BUYERS CAME BACK IN AT 112.5ISH, WE PUSHED BACK TO HOD AND HERE AT 114 TOOK OUT THE SIZE AND BROKE OUT NICELY MOVING HIGHER UP TOWARDS 115

REFLECTION - #1. NICE TRADE HERE, MANY TOOK THE DIP AND RIP SETUP HERE BUT I WAS TRYING MY BEST TO BE PATIENT AND WAIT FOR WHAT WOULD HAPPEN NEAR THE OPEN HERE, BEST ENTRY WAS BREAK BACK OVER 110, AS THAT IS WHERE YOU WOULD HAVE TO RISK OFF, ENTERED AROUND 111

MISTAKES (DON’T GET UPSET AT LOSSES, BUT GO BACK REVIEW AND MAKE SENSE OF WHAT WENT WRONG WHY DIDN’T THE TRADE WORK AS YOU EXPECTED IT TO AND ONCE YOU FIND THE SOLUTION YOU WILL FEEL MUCH BETTER) - #1. WAS TRYING TO ADD TO POSITION AROUND THE 112 AREA, BUT WE WERE MOVING UP AND DOWN HERE AND AT FIRST LOOKED LIKE A 5M POSSIBLE WICK REJECTION HERE, BUT COULD HAVE ADDED WHEN WE DID PULLBACK TOWARDS 112.5ISH, WHERE I COULD ENTER LONG AND RISK OFF 112, HOWEVER WE DID BREAK BELOW 112 AND THEN WICKED AND POPPED BACK UP, WAS A BIT INDECISIVE HERE AND I WAS NOT SURE IF WE WERE BREAKING OUT CLEANLY

IS THIS STRATEDGY WORKING OR NOT? PROBLEM? SHAKEN OUT TOO EARLY, RIGHT TRADE WRONG TIME, TOO TIGHT STOP LOSS?

WAS THIS A GOOD SETUP, DID I EXECUTE WELL, DID I FOLLOW MY PLAN, WAS MY MENTAL IN TACT? #1. GOOD SETUP AND REALLY GOOD JOB ON HOLDING THIS WINNER AND MAKING THE MOST OF LETTING THIS POSITION RUN

BUILDING A NETWORK / STAYING UP TO DATE WITH MARKET TRENDS, NEWS AND DEVELOPMENTS - EDGE, UNIQUE TRADE STRAT,


Execution detail:

Date/time Symbol Side Price Position
2022-12-28 09:32:04 DEC30 22 113 CALL buy $3.550 long
2022-12-28 09:41:40 DEC30 22 113 CALL sell $5.240 long
2022-12-28 09:43:02 DEC30 22 113 CALL sell $5.900 0


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