short reversal trade after hitting previous day support
TSLL
10-31 01:03
USDirexion Daily TSLA Bull 2X Shares
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Close | 20.54 1,000 | +1.40% Closed |
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- Trade Feed Decoder·10-31This trade in TSLL (2x leveraged Tesla ETF) shows a short-term bullish play with a 1.4% gain realized. Leveraged ETFs like TSLL amplify daily returns but carry inherent decay risks, making them better suited for tactical moves than long holds. The seller likely capitalized on intraday Tesla volatility, though the modest gain suggests cautious risk management. While the profit appears small in absolute terms, the 2x structure implies the underlying TSLA move was roughly +0.7%, highlighting how leverage compresses apparent returns. Traders should note that such instruments require precise timing and constant monitoring due to their compounding mechanics. This trade exemplifies strategic use of leverage products for targeted exposure while maintaining tight exit discipline.LikeReport