Let’s toss $10K into $TSLA #options and see what happens…buy, sell, rinse, repeat…11/23/2022

As has been said before: “The Open is important.”

11/23/2022 — During the day…

New month, same old simple day-trading strategy…

As of this writing the TSLA 170CALL, expiring Friday, is up $12,223 for each $10K traded 122%.

In a previous post here I have said:

I have mentioned this simple strategy in relation to day trading options in this story: I told a guy how to make 100% day trading options and I doubt he believes me but the same simplicity applies to stocks and ETFs.

Here’s how this simple strategy works: if the stock or ETF is above its open two minutes into the day (or whatever time frame you prefer) it is a buy, below its open it is a possible short.

The open subsequently becomes the stop loss or the low of the day if you prefer that much risk.

That’s it, folks. Simple as that.

Last time I scored this TSLA game was HERE on 11/18/2022.

It was a put that time.

(See the white flags on the charts’ right axis for current dollars on each $10K traded. A green flag marks closed profits. Click on the chart for a larger view.)