I waited a few days to see what price did before I responded. As we saw, even a wider stop wouldn't have helped. During that day, it went down to 296.22, I was darn happy I got stopped out long before that. Lost a few hundred, as per my max risk plan.atang810 wrote: ↑Jul 4th, 2018 5:42 pmDid you just describe yourself going to the casino tomorrow and buying red/black at the roulette table? lol For a stock with such high volatility you set a very narrow stop loss (money at risk). This is no different than gambling if you do that, no long term view and pure speculation. You basically put in a 2% buffer but the stock can move 5% in any given 2-3 day cycle.
I have my method, you have yours. My method is using a percentage of the ATR to place the stop.
This trade failed, as the demand zone wasn't strong enough, and also US markets wasn't exactly helping for those days. Even today, markets are up, TSLA is down/sideways.
My QQQ call options is doing good right now, I have it set at selling when its $1000 USD profit. Its almost there.