Market is waiting for CPI tomato and Fed decision/Powell news conference on hump day. I'm sitting tight till then.
In the meantime yup TSLA might bounce this and that way. GL.
Anyone on ET Daytrading TESLA
- Thread starter Illini Trader
- Start date
In the meantime yup TSLA might bounce this and that way. GL.
Of course momo is there but can fade just as quick as it came ... for any stonk.
ATR(21) my preference representing a month's time over standard (14) setting has highest reading 8.88 pts since mid April but meanwhile is lower than all of last year.
Some call it a recovery.
I am looking at TSLA because it has a lot of movement in both directions. You can dial down your risk to as small as you want and it is perfectly scalable in any quantity you want. I am looking at it as a long term trading vehicle instead of ES or MES.
Also the zero commission makes it a scalpers dream.
Very True, that is the downside but for me right now the zero commission and scalability are more important. Plus I think it will be easier to trade than the futures. Time and experience will tell on that. I might even update this thread with some trading results if anyone is interested.
One thing I have not checked but am assuming that TDA does has available borrowed stock to short.
Tesla is one of the reference stocks used for daytrading, the swing moves are better but you can still net out some interesting numbers if you know what you're doing, the data was just loaded in to new servers.
Down to 1sc charts but no one really uses it, that's one good looking trade above, think I'll write a research report about this, nice timing
Down to 1sc charts but no one really uses it, that's one good looking trade above, think I'll write a research report about this, nice timing
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Would you elaborate on that point? I don't know what you mean by a "reference stock".