TSLA Long

Nov 11, 2020

Symmetrical Wedge Pattern in Strong up trend.
It may keep the trending strength after consolidation.
A long term uptrend line is another reason to long.

Entry 415
Stop 370
Target1 610; Fib Ext. 1.6; RRR 4:1

I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.

Nov 11, 2020

Trade active

Option trade:
buy Jan C540/610/680 Limit 3.10;
RRR 20:1;
Stop 370;

Dec 4, 2020

Trade active

Price at 593, it may gap up 50 -100 certain day. It could over my butterfly.
Fib# 1.6=610; Prepare to close the first butterfly after 610;
Fib#2.14=700
BuytoOpen Jan C660/700/740 Limit 2.4 for next target.

Dec 8, 2020

Note

SellToClose C540/610/680 Limit 12.25;
win 12.25-2.4-3.1=6.75
Still hold an C660/700/740.

Dec 31, 2020

Trade active

Buy Feb C750/800/850 limit 4.28
Still hold Jan C660/700/740.

Jan 4, 2021

Trade active

Close Jan C660/700/740. Limit 7.55, big winner

Jan 7, 2021

Trade closed: target reached

today is 800.
close C750/800/850 limit 5
Overall, this trading plan is a big winner. TSLA from 400 to 800 in 2 months.