8/31/2020 Shorted AAPL at 130.8 and TSLA at 487. Decided not to hedge with QQQ and took a smaller position instead.

Hi everyone. I decided to short AAPL at 130.8 and TSLA at 487. I picked the price based off when I woke up today (just now at 11:40 AM mountain time).

My original plan was to hedge the short position with QQQ, but the upward move today made me very uncomfortable, so I decided to use a half position size on my AAPL and TSLA short.

My stop loss and profit exit are still the same – I will risk roughly 2% of my entire account in an attempt to make 6% (instead of the original risk 4% to make 12%). Since this sizing is a bit smaller, I could turn my AAPL short into a covered short by selling puts. 

Have a great Monday!

2 thoughts on “8/31/2020 Shorted AAPL at 130.8 and TSLA at 487. Decided not to hedge with QQQ and took a smaller position instead.

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