$Tesla(TSLA.US) Let me explain why I didn't post any intraday updates today. It's because this kind of market condition isn't suitable for intraday trend trades; it's more fitting for scalping. There's resistance on the downside, and there's also resistance on the upside. When the price dropped pre-market, many retail investors were already scared into selling some of their holdings. For the funds deliberately hunting the stock price, that was enough. I see many people saying Tesla will still touch 350, do a deep squat, and then rally. I think the probability is low. The market still relatively accepts the 380-415 price range. Market valuation won't drop significantly just because the company is pivoting. After all, Tesla's cars are selling quite well, and post-pivot initiatives like robotics and autonomous driving are just the icing on the cake. So, I think 380 is already a relatively bottom price (after all, the 200-day moving average has been broken several times already 🤣).

I just did two light trades today and called it a day. At the open, when the price rose, I caught a wave of short puts that were tricking long-side liquidity, took profits, and then picked up some calls, taking profits at 402. In the short term, it's basically hunting for holdings within the 390-410 range.