Hello Traders and Investors,
My name is Philip and I am a German swing-trader with over 4 years of trading experience.
I only trade the higher timeframes, preferably the monthly chart, because this allows me to capitalize on the major market swings.
I view trading as a long term game over the next 20 years which will help me to build massive wealth - it is not a get rich quick scheme.
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Today I want to share with you my outlook on Tesla:
Just 3 months ago Tesla stock perfectly retested the previous bearish trendine and with yesterday's earnings is finally rejecting this level towards the downside. If Tesla breaks the current $210 support level towards the downside, I do expect another -45% drop.
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Most of the people always follow the quick money. But the quick money is never the big money.
They think that making 5% a month consistently is reasonable, which is one of the reasons why so many traders fail.
The only think which you can control is your risk, everything else is unknown.
Keep your long term vision!
My name is Philip and I am a German swing-trader with over 4 years of trading experience.
I only trade the higher timeframes, preferably the monthly chart, because this allows me to capitalize on the major market swings.
I view trading as a long term game over the next 20 years which will help me to build massive wealth - it is not a get rich quick scheme.
-------------------------------------------------------------------
Today I want to share with you my outlook on Tesla:
Just 3 months ago Tesla stock perfectly retested the previous bearish trendine and with yesterday's earnings is finally rejecting this level towards the downside. If Tesla breaks the current $210 support level towards the downside, I do expect another -45% drop.
-------------------------------------------------------------------
Most of the people always follow the quick money. But the quick money is never the big money.
They think that making 5% a month consistently is reasonable, which is one of the reasons why so many traders fail.
The only think which you can control is your risk, everything else is unknown.
Keep your long term vision!