TSLA sold on low conviction; long-term holders underwater; range-bound trade; watching for macro catalyst (autonomous driving) to break above $388.
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And the only thing I don't have on that I had on on on Friday is I sold Tesla just because I was a little uncommitted to it. Um but it was up $8 yesterday. So that was nice.
Tesla's interesting. Um, I did get out of it just because it had a big move from the red dog reversal. Oh, by the way, you see this red dog reversal? People like people like Red Dog, I can't believe this Red Dog reversal has been making me making me money for 20 years.
I'm like, well, it's good to see you in the business for 20 years. I'm like, but yeah. So, you want to go over Red Dog reversal? All right. From 387 down, what did it do? It went below 35167.
Gave you 348. So, you're talking about a $3 stop. Gave you a little bit of a push. Took back the moving averages. So, right there, that could have been your your new entry, and it gave you some a way to sell it.
And now it the the the macro pattern. Wow, we're getting a macro pattern in Tesla. Is autonomous driving um you know all the things that Elon's been working on. Is it finally coming to fruition where you can get a macro move besides a range trade?
Because if you've been in Tesla since you know December, you're underwater. If you've been in it since last September, this time you're underwater. If you use tactical moves, you're not.
So here we are coming close. Um it'll be interesting to see if there's enough um like macro girth to the story where it can get above this 388 and give you another move. So I'll be watching that.
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