McInnis 03 said:
Need advice.
Never had as much success as I've had with Tesla these last two weeks. Holding two net free 550c for dec24
What would you do with these......trailing stop?
Did you have a target in mind? I am trimming out slowly from my TSLA positions. I have released 25% at this point. I think there is probability for TSLA continuing higher, but we know that one Elon tweet can send the stock down 10%.
You could set a trailing stop on one and hold the other, alternatively you could lock in gains on one and ride the other. The stock has also moved a long way in a short period of time, and remember, profit is profit.
I am personally on the conservative side and probably take gains a little bit too early, but it works for me.