07/11/2020 – Tesla
Tesla:
1. On July 2 in our Williams edge session we initiated a new short position in Tesla at $1208.
2. Shortly thereafter, this position was stopped out at $1228 for a 20 point loss.
3. Subsequently we stopped and reversed in Tesla with new long positions at $1325 for a forecast advance to $1368/$70 profit target. The following day Tesla made a swing high of $1429, completing the $1368/$70 profit target. This successfully completes the stop and reverse trade, resulting in an approximate breakeven on the earlier loss.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.