Here’s your risk vs. reward trade on Tesla ($TSLA) – August 17, 2022
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I want to look at Tesla ( NASDAQ: TSLA ) today, here’s why. I don’t want to buy this thing here. I don’t want to buy it at 910.00. What I want to do is buy it at 950.00, maybe 951.00.
Look, yesterday the stock went up to 944.00, and then that is kind of where it kind of ended. Now, this stock, when it moves it can swing big. So I will even say, at 940.00, I want to be paying really close attention to this.
I am going to be setting two alerts here, one at 940.00, and one at 951.00. For those of you that aren’t members, what we do is, splice the videos so that each ticker has a segment in the video. And then if a price target, which I set is hit, that particular part of the video goes out so members can see, this is what I think. If you want to take advantage of it or not that is your deal, not mine. It’s your trading, your money, my idea.
I will be setting an alert for 940.00 and that will be kind of a look at me, look what’s happening level, and then 950.00 will be, buy them. Because the way this stock is trading with a low and then a higher low and then another higher low, we get these higher highs as well, this is what I am looking for, right there.
I don’t want to buy this stock here in anticipation of that. It’s like, oh my gosh, but if I buy it now, then I will get another 4 percent before it even triggers above 950.00. And if I knew for sure that the stock was going to do that, absolutely, that is what I would do. But we don’t know that the stock is going to do that. The last time the stock was up this high it fell back, it may do so again.
What I am talking about here is, is giving up a little bit of reward in order to get away from a lot of risk. So you are sacrificing a little potential reward, but in return, you are taking much less risk, you’ve got kind of a more sure thing if there is such a thing. But you have got kind of a sure thing in the market, where when the stock breaks out, bam, you’re there. You are not sitting there anticipating that it is going to.
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