3RD DELTA ON TESLA (11.19 TO 12.11)

"There is only one side to the stock market; and it is not the bull side or the bear side, but the right side." - pg 20, Reminiscences of a Stock Operater

It is alittle unsettling holding a position for 15 days when you are supposedly 'trading' a position. 15 days is almost a month. But when the system tells you to hold, you hold. No questions asked.

I shorted TSLA at 250.6 back in 11.19 by following the trigger set by my algorithm. Since then there have been no cover & buy trigger until yesterday. If any, there have been about 7 sell &short trigger.

When TSLA opened high on 12.11 and the buy trigger of 213.37 was registered, I covered my position and opened a long position right away. The short position obviously made a large profit of 213.37/250.39 = 14.7%. Actually, I did not wake up in time to open a position at that price. I put the stop loss price at that trigger the night before so it was closed before I woke up. I got lucky and bought it at 212.

That's not bad at all, 14% in 15 trading days. While trading $26 Billion dollar market cap company, that is not bad.

Currently, my long position is not showing my progress. It closed today(11.12) at 207, now a loss of 3%. That's fine. Once that sell and short trigger kicks in, I'll close it in no time. Otherwise, I will be holding.

I think it was a legendary trader Ed Seykota who said if you think the stock is going a buy, you buy. It doesn't matter where the current price is.

My algorithm follows that philosophy 100%.

If I had a long position and a sell trigger comes in, I not only sell my current position but also OPEN a short position right away.

 I believe in maximizing my exposure to the "RIGHT SIDE".

In the last 250 trading days, which is about 365 calendar days, 3RD DELTA ALGORITHM produced 68 triggers on TSLA, generating accumulative 188% PROFIT while buy & hold strategy produced about 15%.

I love Model S. It's fast and environmentally friendly with great looks. I am, however, too afraid to get involved personally. It will be alot harder to short the company when you endorsed the company by buying their product. In that regard, I am all too human.