LadyOberon
:
Hello, I was wondering if you could help me with a bit of TSLA strategy. I bought in at 480, and I am wondering if I should take the loss, hold for recovery, or buy more to reduce per share cost. I didn't understand stop loss/profit lock at the time of my original buy. I'm new to this and may have jumped in a bit too quickly. Thx in advance for your help.
knowledgeispowerful
OPLadyOberon
:
I would definitely hold the trade and average down by buying more contracts so what I would do I would buy 10 more 480s and I would sell 10 for 485s
knowledgeispowerful
OPLadyOberon
:
I would definitely hold what I would do I would buy 10 more 480 for the same expiration date and I would sell 11 490
knowledgeispowerful
OPLadyOberon
:
and if it if you do that it will have it your losses throughout all 11 contracts and then the credit from their trades were offset the cost of buying more and since they're buying 11 this time and you're only buying 10 it should cover most of the cost of averaging down
LadyOberon
knowledgeispowerful
OP
:
Thank you so much for taking the time to chat with me. I'll tell you this, I'm all ears for your next recommendation. I like the way you think, and I appreciate that you help others.
LadyOberon : Hello, I was wondering if you could help me with a bit of TSLA strategy. I bought in at 480, and I am wondering if I should take the loss, hold for recovery, or buy more to reduce per share cost. I didn't understand stop loss/profit lock at the time of my original buy. I'm new to this and may have jumped in a bit too quickly. Thx in advance for your help.
Fady Shehadeh : buy as much as you can in this situation
knowledgeispowerful OP LadyOberon : I would definitely hold the trade and average down by buying more contracts so what I would do I would buy 10 more 480s and I would sell 10 for 485s
knowledgeispowerful OP LadyOberon : I would definitely hold what I would do I would buy 10 more 480 for the same expiration date and I would sell 11 490
knowledgeispowerful OP LadyOberon : and if it if you do that it will have it your losses throughout all 11 contracts and then the credit from their trades were offset the cost of buying more and since they're buying 11 this time and you're only buying 10 it should cover most of the cost of averaging down
LadyOberon knowledgeispowerful OP : Thank you so much for taking the time to chat with me. I'll tell you this, I'm all ears for your next recommendation. I like the way you think, and I appreciate that you help others.