Anyone else catch Tesla today? After months of no trading and waiting for the right time I had 10 700c I bought Friday at $695 a piece and exited at 4K a piece for a profit of 33K. Time to stay composed and wait for the next high conviction setup

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How’d you know to buy 700c on Friday in terms of setup? What was the expiry?

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Everything is looked at through the view of risk reward. I had a very clear point and which I knew the trade was invalidated which wasn’t far away but the reward of the potential move up was big enough

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Good exit. Now flip to putz

Flipped to puts when Tesla was at 736 today bought 6/24 720p and made 110%

I was as bullish as you but I managed my risk Lol. I sold 5 570P, each contract credit was 5.5k, it reached 65% each today, I would rather being the casino :)

Nice trade! Managing risk is the name of the game. I never use more than 6% of my account per trade. All about sizing

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