Hey look, I'm back.
TBH, I got a day job and took a break from day trading, but the Trump tank lured me back into the market the past month, lol. Bit of a rough restart the first week, but made $10k each of the past 3 weeks including today.
I figured something like this was gonna happen today so I carried TSLA puts from Friday. As you can see, futures left an open gap last night, so that caused me to get out of my puts waaaay too early, got into calls too early as well, lost all my profit for the day but made it up in the last hour and bailed, lol. $10k swing 3 times for a lot of heartburn.
Daily RSI hit oversold as did the 3hr, but it looks like MFI needs to hit oversold before we get a pump to fill that open gap. So far, everything is just dumping the Trump pump from November.
Not planning on shorting anything again until the open gap fills, will take another shot at going long if 3 hr RSI and MFI hit oversold again tomorrow or Wed. There's also that Friday afternoon pump that's worth playing if indicators line up.
Sorry, no premarket updates, I'm on east coast time zone and at work at 9:30.
TBH, I got a day job and took a break from day trading, but the Trump tank lured me back into the market the past month, lol. Bit of a rough restart the first week, but made $10k each of the past 3 weeks including today.
I figured something like this was gonna happen today so I carried TSLA puts from Friday. As you can see, futures left an open gap last night, so that caused me to get out of my puts waaaay too early, got into calls too early as well, lost all my profit for the day but made it up in the last hour and bailed, lol. $10k swing 3 times for a lot of heartburn.
Daily RSI hit oversold as did the 3hr, but it looks like MFI needs to hit oversold before we get a pump to fill that open gap. So far, everything is just dumping the Trump pump from November.
Not planning on shorting anything again until the open gap fills, will take another shot at going long if 3 hr RSI and MFI hit oversold again tomorrow or Wed. There's also that Friday afternoon pump that's worth playing if indicators line up.
Sorry, no premarket updates, I'm on east coast time zone and at work at 9:30.
Trade active
Looks like it double bottomed and now went green before midnight. I'll figure it out in the morning, good night everyone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.