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Trade Recap 15 August
@TigerOptions：
Not a good start for the market today with the $Invesco QQQ Trust-ETF(QQQ)$ and $SPDR S&P 500 ETF Trust(SPY)$ flushing down from the market open.[Duh] With both indexes weakening, I decided to trade $Tesla Motors(TSLA)$ which recently has bearish news. Source: TradingView Trade 1 🟢 TSLA 237.5 PUT I bought in $TSLA 20230825 237.5 PUT$(1st green arrow) when I saw the price falling below the 1 min opening range. Sold half at around 10%+ profit and was waiting for a bigger move down. It did go lower but I only sold the other half when the price bounces back strongly. Source: Tiger Brokers Trade 2 🔴 TSLA 237.5 CALL When the price continues to move higher after I sold my puts, I bought $TSLA 20230825 237.5 CALL$(2nd green arrow) in hopes of a V-shape recovery which happens often in Tesla stock. Not today, however, as the price gets rejected and hits my stop-loss. [Cry] Trade 3 🟢 “I never argue with the tape.” - Jesse Livermore Image The bearish sentiment seems to be strong today, so I bought $TSLA 20230825 235.0 PUT$(3rd green arrow) to follow the trend. I took profits when I see the price consolidating and not moving much. Source: Tiger Brokers Overall, a pretty green day for me and I’m grateful for what the market has given me. One key lesson today is to cut my losses short and let my winners run a bit longer. Don’t fight the trend. Have you learned something from my post? If you want to be part of my trading journey and learn more about day trading options, feel free to follow me. [Strong] Do note that I'm just sharing my experience, trading options can be extremely volatile and not meant for everyone. Please do not treat this as financial advice. [Observation] Follow @TigerStars @CaptainTiger @MillionaireTiger @TigerPM
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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