TSLA Trade on Mar 14, 2023 09:55 from kgauvin25: Tradervue User Stock Trades.

Market
- so post CPI everything in line wo this macro data definitely lean little towards bullish however daily technicals say opposite
- Daily Technicals we have some misalignment but basis right into Daily 8 on big gap up this morning post CPI ---> Daily Technicals say to short

$TSLA - auto - consumer discretionary Breakout, Daily Misalignment, IDF
- No catalyst
- ATR 10.5 (expect risk min $1, closer to $2 - $3), AV 184m, Beta 2 (very fast mover)

Trade: Buy when hammers off 8 EMA

- Layers of Probability
- Market choppily stronger, not really supporting, market could go either way at this point
- 8 EMA caught up,
- $1 - $2 risk, can trade odd lots so fine
- rel strong
- Rvol kinda there which for TSLA is good cuz hard to get any rvol
- Retracing to Daily 8 EMA which is really more supporting shorts ---> Daily/Intraday Misalignment
- I will take less dollar risk because of this daily/intraday misalignment, but still take this trade as I like this for a smaller timeframe trade

- Execution
- Got long just after the 9:50 hammer closed
- Slow to get in which caused worst price
- My price was 180.3 giving me $1.30 risk, but I think if I was faster I could have gotten $1 risk
- Got shaken out which was annoying
- A few others at T3 were also taking this same trade and got shaken out as well
- Market was so choppy that I did not wanna get back in after shakeout
- Yes it would have worked if I got back in, but considering how choppy market was + Daily was not in favor + no catalyst so $TSLA was not in play, I decided not to re eneter

- Review:
- So this was a good trade in my opinion
- I mentioned in the afternoon meeting and Derrick like it a lot as well and he loved my thought process to still take this trade but take less dollar risk to due the daily/intraday misalignment
- Big takeaway was I could have gotten in closer to $180
- When re watching this trade as the 9:50 hammer was closing there was opportunity where the spreads tightened up right at 180
- I could have up ticked in here and gotten significantly better pricing than I did
- Still would have been stopped out, but had the trade worked I would have been able to make more