Day Trading Tesla Stock TSLA Stock Short First Red Day
Channel: Mario Alvarado
Date: 2021-01-11

Hey whats up guys this is Mario, back again with another trade video. In today's day trading video I am going to cover why I decided day trading Tesla Stock TSLA Stock Short on a First Red Day. Tesla Stock TSLA Stock has made a very big move doubling since November of last year. Because Tesla Stock TSLA Stock was so overextended I felt that a pullback, or relief selloff or small Tesla Stock Crash was due. Tesla Stock TSLA Stock was overextended on the Bollinger Bands as well as in the Stochastics, so a pullback or selloff was going to happen soon. Today was the day the selloff finally happen, once it broke below premarket lows. I did notice that Tesla Stock TSLA Stock was already trading red premarket so for me waiting for the open for confirmation was the correct strategy. Once the Tesla Stock TSLA Stock open weak and broke below premarket lows, I waited to see if it can continue to make news lows. So I decided to short Tesla Stock TSLA Stock once it broke below low of day, and started to cover. I decided to cover some shares of Tesla Stock around 828, and covered some more on the s1 pivot level. I left a small piece of Tesla Stock TSLA Stock for STOP at HOD. I eventually did get STOPPED out on the rest of my Tesla Stock TSLA Stock position, but overall I still ended up with a profit. I am still interested in going Long on Tesla Stock TSLA Stock s2 bounce if price eventually gets there today. Anyways guys I hope you learn something from this video. Don't forget to smash the like button and subscribe to my channel. 

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