FibonacciTrader

Long Trade Idea TSLA TP 1000

NASDAQ:TSLA   TESLA INC
284 views
6
Trade Plan
Long: 840
Target:1000
Cut Loss: 817
Risk Reward Ratio: 1:6.96
Timeframe: 2 Months

Comments

Oddly enough, there is actually a triple leverage tsla long etf called 3LTS (GraniteShares 3x Long Tesla Daily ETP) that was just created recently in the last half year (start of July 2020 I think)
Given tesla meteoric rallying (180% ish from July 2020 to now Jan 22, 2021), the 3LTS ETF manage to bag 2230% in the same time frame.

Of course because it's suppose to triple leveraged tracking on per day basis, the tripling effect gets compound really quickly when tesla have a string of green days.
However conversely when tsla have a series of red days, the etf crash 3 times as hard. When tsla have series of choppy days, the etf will end up under perform.

But if you believe tesla will continue have a series of green days, then I think 3LTS is a pretty good play. Expense ratio is around 1%. You can think of it as getting triple margin on tesla with 1% interest rate. Plus this "margin" cannot be margin called unlike a regular margin.

** due to the recent nature of this ETF, it does have pretty terrible tracking of the underlining asset though. But i think a short term play could be good if you put in tight stop loss. After all you can afford to have really large trailing stop loss buy/sell. Assuming If you can stomach the 3x tesla's typical volatility
Reply
What a massive reward here. Nice
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out