Hello,
By my metrics, TSLA is entering a downtrend and after a significant rise that brings the most opportunity to profit from the shortside. I have no idea about the mechanics of shorting this asset (how high interest is on the borrowing etc.) and I will not be personally trading this, but it looks like TLRY a year ago or so. Can't see how this doesn't work out. Stop would 775 for me.
Thanks for reading,
YS
By my metrics, TSLA is entering a downtrend and after a significant rise that brings the most opportunity to profit from the shortside. I have no idea about the mechanics of shorting this asset (how high interest is on the borrowing etc.) and I will not be personally trading this, but it looks like TLRY a year ago or so. Can't see how this doesn't work out. Stop would 775 for me.
Thanks for reading,
YS
Comment:
as you can read earlier, my stop would not have been hit yet. It would now be 600 from a 700 short, so pretty deep in profit at this point. Probably will trade the next opp I see like this.