Why I don't like TSLA long anymore
Updated
While I have previously been a pretty big TSLA bull, I think the odds have now rapidly shifted against the bulls.
If one looks at the cycle chart here, the green periods are good for bulls and the red periods are bad.
So far we are still in the red period, AND we have a price cap of 420.
IN FACT, I am likely to even enter some longer term puts (since they are cheap now :))
If one looks at the cycle chart here, the green periods are good for bulls and the red periods are bad.
So far we are still in the red period, AND we have a price cap of 420.
IN FACT, I am likely to even enter some longer term puts (since they are cheap now :))
Note
Trade closed manually
Closed my short hereTrade active
Think the next short leg has begun here
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