The way you talk shows you are a speculator, but not an investor on TESLA stockAnd being a speculator(a neutral word) is totally fine. However, I think it's best to get a few things clear first before one takes a short term (intraday or position trade for a few days) bet on a very wild stock: 1) Left side(downtrend) or right side(uptrend)? While it really depends! For the same stock, it could be uptrend on 1 min chart, downtrend on 15 min chart, uptrend on hourly chart, up trend again on daily chart, and downtrend on weekly chart... It is your trading time frame that really decides whether the stock is currently uptrend or downtrend. Therefore, decide your trading time frame first, then go to your respective chart and see how the stock is trending in that time frame. 2) entry and exit signal everyone has his own defined entry and exit signal for stock market. Maybe it is an important support and resistance price level in a particular time frame; Or it could be some fancy charting signals; Or it could be (more...)