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05-08

$Tesla Motors(TSLA)$  Just sharing some small profit from trading in Contra account today.

Traded using ticker symbol TSLL instead of actual TSLA ticket symbol because the price per unit is smaller, while price action is the same as TSLA. TSLL works well with Tiger Contra account because Contra account doesn't allow options trading, and TSLA price is too pricey for trading since profit/loss won't be significant.

Entered my TSLL position (at average $9.95) when TSLA retrace back to $275 level which wasn't a great position but I held on anyway.

Currently TSLA is trading within a channel between $270-$294.

If TSLA is able to break and hold $282, we should be able to see $294 today as the next resistance.

Sold partial of my TSLL position (at $10.10) after TSLA rebound from $275 earlier.

Modified in.05-08
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