Got Burned by Tesla ($tsla)

I got burned by Tesla. No, not the car but the stock; $TSLA. If you follow my you know I’m all about stocks. Well for now I am. I am about photography, trucking, stocks, and maybe a little of talking smack. I really mean the dirty other word.

Let’s talk about what happened with this Tesla stock. Bottom line, I was dumb. I felt for the life of me that this stock would never go down as long as I am in the trade. The stock pattern was so bullish, which I show in the video. I placed my trades mainly by selling put vertical or put credit spread, which are bullish trades. What I needed to learn is that the pattern can change and it did change. Fast. The morning I was down, $tsla or Tesla was down over 75 points when the average true range (ATR) was about 55. Even though I should of stayed in the trade knowing that, I was forced to sell because I received to much pain. I couldn’t afford to be wrong again. So the easiest thing is to get out of the trade and stop the bleeding.

The video explains it all. I hope you enjoy watching it. Let me know if you have any questions.