On May 27, I bought TSLQ at $16.61 per share. Classic timing — because right after I bought it, the price immediately threw a tantrum and went down. The daily range was $15.60 to $17.33, but it closed at $15.70.
Tradr 2X Short TSLA Daily ETF (TSLQ)
Tesla Motors (TSLA)
On May 28, things looked a little better — TSLQ closed at $16.21, but the range was $15.50 to $16.29. Not enough profit to make a move. I waited. On May 29? Same story. The range was $15.23 to $16.29, and I was still holding.
Then came May 30. The market opened and my TSLQ was back in the red again — sitting in the high $15s. I sighed, went about my day, and that night I casually set a limit sell order at $17.25 — mostly out of wishful thinking. I didn't expect it to get filled.
But plot twist: I woke up to a notification. TSLQ had sold. In my sleep. I even used up a stock voucher.
Why did it spike? Maybe it had something to do with Trump saying China violated the trade agreement. Or maybe the market just randomly decided to be generous for once. Either way — I'm not asking too many questions. I sold. I profited. I slept through the whole thing.
Now if only more trades could work like that.
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