Tesla

Jul 9

7.8.241 of my students asked me if you could short Tesla... and my answer was you don't want to short it right now. I know a lot of Traders would take that short and we may find out in the next day or two that that would have been a fantastic trade to Short. but there were no sellers when he asked about shorting the market and that presents a problem fo..r me because I want to see some buyers not know buyers or I can't short the market... and the tools I use for that reversal are 2 bar reversals and if I want to short it I want to 2 bar reversal that goes lower but if I want to go long I wait for 2 bar reversal to go higher..... I always or almost always with some exceptions wait for the 2 bar reversal in the direction I want to trade. I don't know if it should be called the 2 bar reversal.... I don't know what other people do or how they look at the market when I'm looking at a toolbar reversal..... I threw all my books away every year I'd have a whole batch of trading books and I would take him to the nearby library when it was closed and I would dump pounds and pounds of books into the bin outside the library because if I went inside the Library they wouldn't take my books because I had too many..... I don't like throwing books away so I gave it to the library in case they use some of them for people who are looking to trade the markets. I know the 2 bar reversals work. I know that the market can provide a 2-bar reversal to go lower and in another few hours it can reverse and have a 2 bar reversal going higher..... and some people might say that's a waste of time... but if you understand the context of a market that's oversold or the concept of gaps that are being filled or not being filled and then you add a few other indicators like using 382 we're looking at Fibonacci extensions and understanding support and resistance and understanding expansion and contraction of markets two by reversals are very effective and a lot of the problems you could have with 2 bar reversals aren't problems if you understand how markets move, and all you need to do is draw some simple lines and be patient and you'll find the trade.