Daily TSLA Trading Charts part 3

1/1/2015

guest

Options expiration day is craziness multiplied.

I am learning lessons as a trader and investor through practice. A couple of the trades I tried this year didn't work out *and* made me nervous, so I won't be doing those again. I found out I really dislike being on the wrong side of time decay, so I think I'm never going to buy an option again. On the other hand, I managed to make small profits on several of my short puts even though the stock went down, so I really like having time decay on my side; I think I will keep doing that. Gotta do what lets you sleep at night.

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1/1/2015

guest

Congratulations, longs, we're right on schedule for defining that the current downtrend is over for TSLA and the uptrend (hopefully leading all the way to Q3 delivery numbers release in early October and beyond) has begun. Today was day three of green trading for TSLA. We haven't seen such a thing since July. TSLA not only hit our 205 target for today but it did so in a down macro environment and added 40 cents, most of it in the last minute of trading. To stay on track for a serious statement that the slow descent of SP is over, I am hoping we see a big opening on Monday morning. This would be caused by potential longs deciding over the weekend that TSLA makes sense to jump back into, and their doing so in the amateur hour (first hour of trading) would be the catalyst that sends additional shorts to covering their positions.

Do you notice the difference in how the charts look today and yesterday when compared to previous weeks? The lack of short-selling removes most of the deep downward dips and immediate partial recoveries we've seen in previous sessions. I'd like to study the trading chart to understand what it looks like without short-selling, but we must remember that we're in an artificial environment right now with some forced recalls of short shares, which certainly affects the dynamics of trading. Nonetheless, I won't argue with the results ; )

Conditions:
* Dow down 89 (0.49%)
* NASDAQ down 5 (0.10%)
* TSLA 205.40, up 4.98 (2.48%)
* TSLA volume: 3.1M shares
* SCTY 17.50, up 0.40 (2.34%)

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1/1/2015

guest

Bleah, spent the day unwinding trades which I didn't like, increasing my cash position to account for unexpected expenses, while simultaneously trying to do tax planning. Took longer than I'd hoped. I think I need to take an enforced break from trading for a while. I'm gonna watch your charts as a bystander for a while.

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1/1/2015

guest

neroden said: ?

Bleah, spent the day unwinding trades which I didn't like, increasing my cash position to account for unexpected expenses, while simultaneously trying to do tax planning. Took longer than I'd hoped. I think I need to take an enforced break from trading for a while. I'm gonna watch your charts as a bystander for a while.

Click to expand...

Please do speak up sometimes, though. Your views have been quite valuable in these threads.

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