Hello everyone! Today i want to share some option strategies with you!
1.
$Tesla Motors(TSLA)$ It's been 36 months since touching ATH at 414, TSLA is setting up to test this key resistance level again this week. TSLA above 414 will run to 500+ next year. We’re about to see a short squeeze similar to 2021. If you catch this trade, you can easily 5x your account. Here’s my plan below
Trigger: TSLA above 389 ✅
Trade idea: TSLA Dec 13 410C
Targets: 410, 417 🎯
TSLA had a strong breakout above 363 last week and is now setting up to test all time highs at 414 again after a 3 year consolidation. My target for TSLA in 2025 is 575-600. IF TSLA can form a base above 400 in Q1 2025 We will see a big run in TSLA. I’m bullish for the next 3 years.
2.
The hardest part of the trading journey is the first 2 years. For myself, It was overwhelming thinking about how to actually grow a small account.
In the beginning, I thought I needed to trade every day and make a set amount to be a “successful” day trader. I quickly found out that this style of trading was unsustainable due to the lack of capital. So what kind of strategy did I pivot towards?
I would scan different trade setups and patterns that have performed well in the market. I waited key resistance breakout trades, falling wedge patterns during consolidation period., and trades that worked 75-80% of the time when the stars aligned in the market. Sometimes I would wait days to weeks at a time before I entered a trade. This strategy helped me grow from 4 figures to 6 figures in the first 2 years of trading.
At this point, I realized this strategy was scalable and it was one that changed my life. I used the same fundamentals I learned early on and applied the same methodology to grow to a much larger account. In the beginning, I understood the importance of patience, discipline, and timed aggression. If you can apply all 3 of these with your trading, you have the best chance of being consistently successful.
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