Trade Recap 15 Sep-19 Sep
In my previous post Tesla's Imminent Major Market Move on September 13, 2023, I shared insights on Tesla's outlook by analysing the weekly chart, highlighting the downtrend line originating from its November 2021 peak.
Last Friday, there was a clear rejection signal.$Tesla Motors(TSLA)$
Taking note of this rejection, which coincide with the infamous Quadruple Witching day, I decided to capitalise on short-term profits by selling $TSLA 20231117 350.0 CALL$ . Soon after, the news from Goldman Sachs lowering earnings forecasts on Tesla while reiterating a neutral rating and a $275 per share price target caused Tesla stock price to plunge further. [Anger]
Did I have prior knowledge of the bad news? Absolutely not. [LOL] However, my position has since turned green, and I'm pleased to walk away with a 45% profit in just 2-3 trading days. [Miser] Trading is all about making informed decisions in real-time, and this trade recap demonstrates the importance of staying agile in the market.
Success in trading often comes from the ability to adapt, seizing opportunities even in uncertain times, turning potential setbacks into profitable victories. Wish you success! [Cool]
Modify on 2023-09-19 22:36
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