Let’s toss $10K into $TSLA #options and see what happens…buy, sell, rinse, repeat…12/22/2022

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

12/22/2022 — During the day…

New month, same old simple day-trading strategy…

As of this writing the TSLA 137PUT, expiring Friday, is up $12,750 for each $10K traded 127%.

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.

(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.)