kevin99
Member
The market moves too fast. At $182, I close the weekly hedge and let the long calls go! I really don't want to do this. But it seems the market is begging me for the action?
-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
Short-Term TSLA Price Movements - 2013
- Thread starter Robert.Boston
- Start date
- Status
The market moves too fast. At $182, I close the weekly hedge and let the long calls go! I really don't want to do this. But it seems the market is begging me for the action?
I need to stop going to classes and pay attention to my investments. I tried to do the delayed risk free bull call spread but the market had moved by the time I had looked through the options chains and put in my order. Had I known we would be back down I would just have sold and bought back now. I really hate the terrible wireless connection on Cornell's campus it's not conducive to day trading.
Gtoffo
Member
I would have probably done the same thing had I hedged earlier. However, I am worried that the markets are starting to think that this whole U.S. default thing might have higher odds of materializing than what everyone thinks.
kevin99
Member
"Had I known ...."???? It is universally true had I know it will go up to $185 today, I would've ....
That kind of reasoning won't help you at all.
- - - Updated - - -
I have Oct1 $180 and $185, among other positions. The OTM short call I just bought back for a gain already covers some of the cost of these calls.
Disclaimer: I don't do this kind of in-and-out trade usually. I don't promote this kind of trading. Since I am totally in sync with the low-high-low (very rarely by the way), I just let it flow.
- - - Updated - - -
Looks like I am in for a muddy fight today.
At $182, I am leaning on the side it will hold the support. If it goes up from here, I have my hedging order already placed.
Citizen-T
Active Member
Ouch. Caught off guard by this sell off. I was up huge earlier today. This is why they say pigs get slaughtered. Should have sold half my calls when they doubled. Every time I decided to ignore my rules I get burned.
Gtoffo
Member
At this point I'm just holding through the slump. We are back to Square one apparently.... I was also up a lot this morning....oh well....flat is better than down I guess.....
Norbert
TSLA will win
I suppose TSLA is mostly following market indexes. I hope Jeffries upgrade to $210 won't be forgotten once they go up again... 
I was staring at my iPad this morning wondering if I should pick up some weekly calls as it was hovering around $181.XX. Decided not to as I don't like the amount of attention that is required to manage them. By the time I made it into the office, I would have been up quite a bit, only to be back where we are now.
C'est la vie, but at least my heart rate has been pretty stable today. Like others, I try to remind myself that I'm not a day trader.
kevin99
Member
At $181, I close other hedging positions. So only long positions are left for a rebound.
everman
Member
It does seem to be tracking the market pretty closely. The fact that it began the day with an uptrend does signal strength. As long as it can hold the green line by the end of the day, I think it will be a good sign for the rest of the week.
kevin99
Member
ah I am becoming a day trader! I thought I am a week-trader, or a multi-week-trader? Guess TSLA compacts a week of a action into a day, hence the morph?
Yes go up to $182.5. All this $1 change means a lot to my account today, when hedging is removed.
Yes go up to $182.5. All this $1 change means a lot to my account today, when hedging is removed.
Citizen-T
Active Member
kevin99
Member
Wow, strong moving pass $183! I am perfectly in sync low-high-low-high so far today! How many total days of action we will see in just one morning?
Very likely we will see $185 again today.
Personally, I've stopped trying to make money off of every swing. I used to try to take advantage of every daily swing but more often then not my timing would be a bit off. In order to really be successful at it your timing has to be almost perfect (like Kevin ). My portfolio was up big this morning, now it's down a bit and I'm learned to accept that. Playing with weekly options trying to take advantage of every swing can be great or can really hurt.
). My portfolio was up big this morning, now it's down a bit and I'm learned to accept that. Playing with weekly options trying to take advantage of every swing can be great or can really hurt.
kevin99
Member
Personally, I've stopped trying to make money off of every swing. I used to try to take advantage of every daily swing but more often then not my timing would be a bit off. In order to really be successful at it your timing has to be almost perfect (like Kevin
Yea I don't see how they do it. I can't follow every little up and down movement on a daily basis or it drives me crazy. So far I've done more harm than good trying to predict weekly movements with options.
Oh and WAHOOOO post 10000!
- Status
Similar threads
- Locked
- Poll
