TSLA, Short term trade setupIt is not an easy task to make money from stock market these days . Lots of fluctuations, news and reports are every where !
Even large financial institutes currently have different views and ideas about market . This clearly show itself on indexes with three flat days !
There are some major risks such as inflation data and following rate hike by FED. Just add Russia Ukraine war threat to these all uncertainties to realize why market is so volatile these days.
How can a trader manage her/his trade in such situations? Of course, we have to be open-minded, Stop being fanatic about our analysis or views and be ready for every possible scenarios.
What I have shown on the chart is my trade setup for TSLA, This is not how I usually trade since it is very short term setup but It guarantees our risk management considering market conditions. I have published some ideas about TSLA and what I think about the stock in broader view.( Links are provided below ). What is shown here is what I actually trade these days.
All information are provided on the chart . Summary is :
I go long above 948 and go short below 880.
Hope to be useful and wish you considerable profits.
