Hey guys,
I took my first TSLA options trade the other day. It was pretty intense. TSLA is approaching a key level to break through. If we break this trend, I could see us reaching some new all time highs. If we fail to gain this level, We will retrace and break out of this long term trend. I would be ready to go short at a trend break down, and long at a break above the blue trend line. Just be careful of a false breakout. Use stops and proper risk management. Especially with violent swings like TSLA is prone to have... happy trading.
- Matt
I took my first TSLA options trade the other day. It was pretty intense. TSLA is approaching a key level to break through. If we break this trend, I could see us reaching some new all time highs. If we fail to gain this level, We will retrace and break out of this long term trend. I would be ready to go short at a trend break down, and long at a break above the blue trend line. Just be careful of a false breakout. Use stops and proper risk management. Especially with violent swings like TSLA is prone to have... happy trading.
- Matt