TeslaLong
TESLA isn't stopping...Long Term Great as Well (Target ATH)
Posted on Sept 19.
TESLA isn't going to slow down. Already 50% gain on my $245 calls 11/15 that I bought at close Sep 18. Trade plan below.
Tsla has looked great for about a month creating this uptrend and now with the confirmed rate cut of 50 bps.
Tsla is a volatile stock with a beta of ~1.81. This is a risky play and proper risk management is required.
For me I allocated about 5% of my portfolio into this play and have not increased my position today. My plan is if TSLA is unable to reach it's ATH and begins falling I will set my stop loss for 50% of my original position. I currently have capital set aside ~10% to continue buying TSLA at these hypothetical lower prices as I have a strong thesis for LONG TSLA. With a 60 P/E, a strong USA economy, the move to electric cars being pushed, and a strong TSLA team in all disciplines leads me to believe they are at the forefront of innovation and a 60 P/E is more than justified.
TESLA isn't going to slow down. Already 50% gain on my $245 calls 11/15 that I bought at close Sep 18. Trade plan below.
Tsla has looked great for about a month creating this uptrend and now with the confirmed rate cut of 50 bps.
Tsla is a volatile stock with a beta of ~1.81. This is a risky play and proper risk management is required.
For me I allocated about 5% of my portfolio into this play and have not increased my position today. My plan is if TSLA is unable to reach it's ATH and begins falling I will set my stop loss for 50% of my original position. I currently have capital set aside ~10% to continue buying TSLA at these hypothetical lower prices as I have a strong thesis for LONG TSLA. With a 60 P/E, a strong USA economy, the move to electric cars being pushed, and a strong TSLA team in all disciplines leads me to believe they are at the forefront of innovation and a 60 P/E is more than justified.
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