Tesla Update: Monday Green Day

Due to all of the volatility recently in the markets, the threat of the US government defaulting on their debts, and this count coming to end in general, I will be exiting my position a little earlier than originally intended. Don't take this the wrong way, I'm not going to go sell everything immediately. When we get into my wave iii box, which will hopefully be tomorrow if not Tuesday, I will sell ALL of my Telsa shares. If we retrace deep in wave iv like I think it will, I might buy back SOME shares for the last push higher but with VERY tight stops.

That being said, if the US does default, that will mute EVERY prediction I have made. The market will absolutely crash and not leave any survivors.

I decided to see what the other indicators were showing just to get a holistic picture. The RSI is reset, volume is set to rise, and big daddy MACD is reset ready for a rise too. Long story short all arrows, from my perspective, are pointing to price rising and strongly. Hence why I think we should tag my iii box either tomorrow or Tuesday at the latest. We shall see, unfortunately I work a lot this upcoming week. I will try to keep as close an eye as I can on the markets and will post ANY and ALL trades made.

Everyone keep your wits about you and utilize stops. Don't allow emotion to rule your decisions but make sure they're rooted in facts and data. Let's hope I am right, and we all make some money tomorrow!!

Bonam Fortunam,
--Tyler

Trade active:

$25 shares sold @ $184.80

Trade active:

Limit order to sell 50 shares @ $189

Comment:

Sale order triggered. I made almost 3K on this small trade within a week or 2's time. It WILL continue to go up a little, but we will be dropping very soon. I am not greedy and am willing to take profits early to lock in profit. If you want to duke it out for the last few dollars go ahead. By my count, we are due for wave iv retrace very soon so I'm locking these profits in

Comment:

As of this writing I am FLAT of any Tesla