TSLA Trade on Jan 3, 2024 09:30 from Dandres: Tradervue User Stock Trades.

One of those stocks that you watch

Open
- Made my plans for the day this morning, was watching TSLA to either hold the PDL & break through the VWAP for a bullish run OR lose PDC to move into the range that can be seen on the daily chart for the potential break down towards the bottom of the range (like 232). The price action opened up with a strong drop that broke below the previous day's low but retracted back above the VWAP (strong bullish movement), the following candle opened higher and broke higher, it retracted back to the VWAP, I was looking for the following candle after that to develop a retract retest pattern to rip back up but it didnt, instead it broke down below VWAP and I got out on the price action also breaking below the previous day low, basically negating the trade idea.
Reflection
- 3 indicators? Yes, first entry called for.
- Scaling? Yes, second entry on the break above the previous candle high to make a higher high.
- Partials? No
- Risk management? Knew where my stop was, got out on the trade idea rejection.
- What went right/wrong? Trade execution and management, this was a successful trade.
- Successful trade? Yes.