The Super Terrific Happy Hour
- Thread starter Max E.
- Start date
SQ is trying so hard to break 26.40...Maybe I should just give up on this one for the day.
Ever see the movie Groundhogs Day? lol
Ever see the movie Groundhogs Day? lol
LOL, like i said earlier thin line between stupidity and stuborness, and genius, i quit once i got out of the ES alive up 400, it was a good week for me, but you shouldnt have to keep going back to the well on the same stock over and over if you have it nailed, you generally only keep going back to something when you keep missing it which is usually a sure sign you shouldnt be going back.
What i mean by that is winners rarely cause you any grief, its only the losers where you keep punching in and punching out all day, cause you arent sure.
Yeah, very true. I learned the hard way (about a dozen times or more) not to let it ride after you take a winner. I thought this one still had more to give after a relative high. I've been in it for hours though with a .07 stop, so no real danger in holding this on till closing. This particular Friday before it's earnings next week should show some good volume this afternoon...so I view this as a small bet on an even odds gamble with a huge potential payoff.
Oh, testing the stop as we speak
Edit: Gone at 26.21
Edit: Gone at 26.21
Lower stop to 339.61
Hope this one works out for ya, would be nice to see someone take back some of those dollars TSLA has robbed from day traders. Be careful though, Elon Musk could beat off in a sock and TSLA would get upgraded, then gap up 10% its the most manufactured move ive ever seen.
I think TSLA is a sell.
Reason:
That selloff at the beginning of the month was my sell signal.
And this is just a bounce before another leg down
yesterday was a lower high on the daily too.
Reason:
That selloff at the beginning of the month was my sell signal.
And this is just a bounce before another leg down
yesterday was a lower high on the daily too.
I agree with you TSLA is a short, but ive been thinking that since like 280 in that area in march when it double topped i was a day early both times, and i just put on what i thought was a feeler then it goes 2 bucks against you so you add a couple hundred, then it goes another couple bucks, and all of a sudden your offside like 4 dollars on 300 shares, then you decide to defend a certain level with a couple hundred more shares, and it just keeps on going. I had that happen to me 3 times this year, where i missed the meltdown day by like a day or two and took a bath cause i was too big too early, only too watch it turn.
I agree with you on TSLA but its on my "DO NOT TOUCH UNDER ANY CIRCUMSTANCE" list after it burned me so bad 3 times, i nailed it the first time i traded it, but only with 100 shares, then the next 3 times i lost and each time i got heavier and heavier too, cause i was just 1 day off of the big melt down day, so it convinced me i was right the next time around, its literally been the perfect storm for me, think on the 4 days i traded it this year im down close to 8k. There is no other stock that is even in the ballpark for me in terms of how much i lost. I just had to say im not touching this under any circumstance cause it totally mind fucked me.