Here's the best way to 10x your trading account

Michael Esther
06-26

I made $53,492 swinging TSLA puts from the top.

Most trader's were buying calls yesterday, but I knew top was put in at $360 using this strategy!

Here's the best way to 10x your trading account🧵

1.This is actual call out at 9:41am EST after I saw weakness on $Tesla Motors(TSLA)$ chart on the 5min and 1HR time frame.

TSLA puts for $340 with Jun 27 expiry with a short call Jul 18 $380.

At 9:41am EST you see TSLA get rejected off $360 resistance from June 3. There is a lot of selling pressure

So before market even opens I am looking for sellers to attack this level and this is what happened at open! As soon as TSLA sold off I knew this was the top:

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Here's the position I took for 37 contracts in total and I swung it over night becuase my target was under $330 towards $320 which hit 🎯

Four reasons why I took TSLA puts while many took calls:

1. Robotaxi was "buy the rumour and sell the news" event

2. TSLA hit my resistance at $360

3. Robotaxi's debut was weak so it lost its gains

4. I saw bears took over at $360

$330 TSLA target is because Robotaxi launched on June 22 and it lost all it gains if it went under this level! Becuase Robotaxi event was good but it was not spectacular in the short-term.

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