quanttraderX

Swing Trade: Long Tesla (TSLA)

Long
NASDAQ:TSLA   TESLA INC
A systematic breakout strategy designed to capture short-term swings.
If prices can break above short-term resistance @ 868.00, we should see higher prices.

Buy Stop @ 868.00
Stop Loss @ 772.52
Take Profit @ 1032.34

If orders are not filled, cancel orders at the end of today's trading session.

Cut losses early, let profits run!
Never risk more than you can lose.
Order cancelled

Comments

can you explain what buy stop means? thanks.
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Mouds andrew900713
@andrew900713, It's a buy order to buy the stock at a specific price above the current market price. So if it's worth $800 market price then you buy it at $803 for example. Generally it carries less risk. Why? You won't miss out on the price point as you already placed the order. In addition, you believe that the stock is going to increase in price more than what you have paid for it. The stock purchase only happens when there is upward momentum and you hit that price point and or go beyond it.
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