Posted by elementsix on 13th of Aug 2020 at 10:48 pm
With TSLA, definitely more Calls than Puts. The chart will tell
you that.
TSLA really like to go up. So I'm not going to bet against that
and personally I find the long setups easier to spot. No need to
eek out gains using Puts when the Call buying works so well. For
me, I'd prefer to wait out pull backs, be patient and strike when
the long setup becomes obvious. And sometimes the best trade is no
trade.
So true, "sometimes the best trade is no trade." In my
case, I was seeing the same things you were seeing at that time,
but I ended up with "no trade" because I was too disorganized and
scatter-brained - no plan when I see a chance. Then I trade when I
don't need to trade and lose.
Thanks again for sharing your method.
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Thank you so much, very
Entry Example - sharing an example of how I pick ...
Posted by lapri24 on 13th of Aug 2020 at 09:57 pm
Thank you so much, very helpful!
Do you daytrade both calls and puts on TSLA?
With TSLA, definitely more Calls
Posted by elementsix on 13th of Aug 2020 at 10:48 pm
With TSLA, definitely more Calls than Puts. The chart will tell you that.
TSLA really like to go up. So I'm not going to bet against that and personally I find the long setups easier to spot. No need to eek out gains using Puts when the Call buying works so well. For me, I'd prefer to wait out pull backs, be patient and strike when the long setup becomes obvious. And sometimes the best trade is no trade.
So true, "sometimes the best
Posted by lapri24 on 14th of Aug 2020 at 01:39 am
So true, "sometimes the best trade is no trade." In my case, I was seeing the same things you were seeing at that time, but I ended up with "no trade" because I was too disorganized and scatter-brained - no plan when I see a chance. Then I trade when I don't need to trade and lose.
Thanks again for sharing your method.