$Direxion Daily TSLA Bull 2X Shares (TSLL.US)$ so you bought...
$Direxion Daily TSLA Bull 2X Shares (TSLL.US)$ so you bought this a couple of weeks ago you road it up and now you just lost 50% of your profits.. who's that? this guy right here.. not a happy camper. could have sold it yesterday over 14 could have sold at 15 almost 17..I did sell cover calls on it twice and sadly they were not called away. so what's the game plan today??? do you just wipe your hands clean of this dog shit right now because that's what the market says it is typically after big drops like this you get a little bit of a pop but then you get a retest and a breakdown which means it'll put new lows in in the coming weeks. what am I going to do?? I think I'm going to go out into the first week in August and sell either at the money calls or 50 cents higher than the current price of the stock when it opens. I should be able to collect about a dollar per contract. if it were to get called away c'est la vie in actuality I would be getting a dollar more plus 50 cents upside then dumping it on the open.. if it doesn't get called away go out two more weeks and sell either at the money or 50 cents higher than the current strike. well it's not the best approach because the best would have been to sell it yesterday "you can't go forward by looking in the rear view mirror" that's going to be on my gravestone. the coulda shoulda woulda have in investing will eat you up alive trust me. so that's what I'm going to do I'm going to be selling calls on my whole position either at the money or 50 cents higher and whatever happens happens if it gets called away it does I can always sell puts in the future which is how I acquired this position and collect a premium and if it gets put to me then I own it again
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MomentumPython1337 : hindsight is the most depressing shit ever, really eats people alive, myself included