Stop strategy: "Exit on a 50% trailing stop from best price/return after entry" (1) Current best price since entry = $16.70 50% of 16.70 = Stop @ $8.35 (2) Current best percentage gain since entry = 60% 50% of 60% = 30% = Stop @ 10.40 X 30% = $13.52 Either of these two 50% trailing stop calculations work depending on individual risk-reward profiles. If holding multiple calls, consider using a combination of these two calculations to balance risk-reward. TSLA Daily Trend Model As price approaches top of channel(s) expect some resistance, but EW count shows a Wave 3 unfolding so price should slice through and continue higher. Anything more than a modest retracement would strongly favor using the 50% trailing stop strategy for some or all of the position.
