Got some small profit from a cash secured put trade on TSLA.
Got in the cash secured put position at $4.50 when TSLA was around $322. Not really a good position as it was a FOMO entry since I chased the upward momentum.
Managed to exit the position at $3.95 as TSLA continued to climb to $326, locking in some premium while managing risk.
Key Levels on $TSLA:
Support: $320 (solid hold today), $313–314, and $306.
Resistance: Watching $330 and $334 closely for the next potential breakout.
Reminder to self:
Not every entry will be perfect. Recognize when you've entered late, manage the position wisely, and never hesitate to take controlled exits. Sometimes, preserving capital is the win.
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