Scary Tesla Trade at the Close

I decided to buy 100 shares of Tesla (TSLA) at $1510 with 5 minutes to go to the day. 100 shares of TSLA at $1510 is $151,000. I had the money in my margin  account but TSLA has a special margin of 75%. When I was filled on the trade it gave me a margin call of $50,000 lol. Instead of dealing with that I decided to not bring this position into the close. With 1 minute left to the session I place a sell order at $1515. Right at the close I was filled and I made a 3 minute, $500 profit. That was the scariest trade ever!

Buy 100 Shares TSLA @ $1510

Sell 100 Shares TSLA @ $1515

Profit $500 

I’m going to dinner with this money. I don’t even feel good about keeping it!

Successful trading,

Steve

The Options Coach