Out of Oil, Into Tesla

Despite trading higher overnight oil was at lows this morning so I paid $60 to get out of my oil shorts.

I could have waited longer perhaps. I don't know what's right. But getting out of a losing trade is important too, although the fundamentals favor that oil continues to slide perhaps. I'll have clearer thoughts about this in hindsight. That's a $60 loss overall

The SPX spread is doing well so far. Market is hardly moving up each day which is just what I need.

EDIT: If I had waited just a bit longer I could have gotten out at a small profit.


Bought 1 January 9 TSLA call for $365. Why? Its rebounded and could go higher. And I want to make money. I will be looking to sell around the expiration data unless TSLA looks to have peaked, at which time I will sell.

If TSLA goes to $215 I will sell.

EDIT: UG. The oil....got out way too soon. TSLA call: got in at a high price. Things aren't going well today. I think I should stop trading.

EDIT 2: I got out of TSLA for a loss of half what I went in for, I believe. BAD TRADE.Trailing $5 stop loss triggered at $223.50 or so after equity moved north of $228. Now (1/6/15) trading at ~210. Fail.

AND IF I HAD STAYED IN OIL I'D BE MUCH HAPPIER.