BUY THE TESLA DIP TO $900

8 feb 2020

For those of you who don't know, I shorted Tesla at $950 and am holding it for a swing trade. I'm currently ~30% in profit in a few days.

However, this looks primed to go up and fill the gap above at $900. At this point, it is too soon to tell if we go higher than $900 (green line) and make new highs but I want to be hedged against my position in case we blast off.

The plan:
- Shorted TSLA at $950
- Long $750 (hedge)
- Take 50% profit at $900
- Let the rest ride until rejection

I've always stated I don't rule out the possibility of Tesla at $1,000+ in the short term. But I will be adding short anywhere above $1,000 and holding it for a long term trade. For now, buy the dip!

For those of you don't follow me on social media and missed my original short call, check it out below!