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