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Wahoo! Well that's a win!

Made some poorly timed trades. So many trades I'm not even sure what my net gain was. IRA: Sold shares at the bottom at 1155. Bought back some at 1165 after 10 minutes of FOMO and used some of the cash to do a 11/5 BPS at 1080/1040. Brokerage: Used margin for 11/5 BPS 1000/970, 1010/985 when...

There are no atheists in foxholes 😅🙏 Before a big match, I would always pray. Otherwise, I'm an atheist the other 99.9%.

Thank you for going the extra mile to further explain your strategy. I'll look through previous posts to dive deeper. I'm shooting for 50%-60% profits now to close my short positions. I was able to wait out for 90% before earnings, but each week (day?) is a different climate. I'm...

Well, that was a fun 12 hours. Time to get started on my work now.

I'm very curious about your aggressive ITM put spread strategy. A part of me wants to dabble but I will be using margin, so I don't know if that changes things. I'm guessing that keeping a tight spread, (1275/1250) limits the loss/risk as it can just drop down to 1275 to buy and then sell at...

Absolutely, the catalysts for these next two months are staggering. I'm going to have a dance party when Giga Berlin comes online. Austin will be the biggest factory (building?) in the world! When I watch the drone videos over the rooftop, I imagine how fun (and tiring) running on top of the...

I live vicariously through you!

My condolences. It's painful to part ways and accept the losses. But better to cut the losses now before it gains further. A lot of trading is psychological and pivoting to different methods depends on emotional and cognitive flexibility. TSLA is a beast and as bullish as I am, I'm still...

In these situations, I assume that we gain another 10% this week. Then I think about what I wish I could've done in the week to minimize my loss. Sometimes getting out of a bad trade quickly to minimize losses is the best path. Live to trade another day; not every week leads to a gain.

I'm not a tax professional but I chose my solo 401k option because you can do a 401k loan (tax-free withdrawal without having to liquidate your shares). Essentially, take 50% of your portfolio or 50k, depending on which is less, while maintaining your share count. You then pay yourself back on...

I feel you in that I like to play cautiously optimistic. I've sat on my hands this past week but may sell some BPS in the next week or two. The lack of support is what worries me but is outweighed by the heavy buying as the stock bounces off 1000. I confess I'm feeling the pump from the crowd...

I Love this!! On top of that, 50% is their safe estimate of CAGR. I think they did 70% + this year and are planning to do 70% a year for years to come. Can't recall the exact video where Elon states this, but it may have been at the Giga Berlin festival or AI day.

One thing I thought about is how a lot of consolidation happens around January and February. Typically in January and February, there is tax selling. Those that made a lot of money in 2021 often wait until 2022 to cash in so they won't have to pay taxes on their gains until 2023. That likely...

The coke supply runs strong and deep! You can always use your health insurance to cover the cost of Adderal, painkillers, benzos, etc. I am there with you around 1400 being a possible sell-off point. I personally haven't decided on when I would sell and am just sitting on my hands. But I...

To those reluctant to take assignments on CCs, it could be helpful looking at the benefit of taking assignments now ($XX/CC loss), buy back shares, and ride the upward trend that the stock is giving you (+150/week gain). I only say this because it may become harder to roll up in the next weeks...

At first I thought the Hertz deal was a nothing-burger. After watching Sandry Munro break down the cascading positive business effects for Hert, Uber, and Tesla, I now commend Elon for his 4D chess moves. Bravo👏 Sandy's Business Series: Tesla's Deal with Hertz

Congrats! 50-60% seems like a great point to take profits. Some of the options education videos on spreads recommend that 50% profit goal. I agree that this is a fundamental rerating of the stock. The evidence is there for a supported run-up with high volumes, analyst upgrades, catalysts...

I don't have any advice, as I'm just sitting tight holding my shares. I feel the itch to sell some BPS but will wait. I've gotten lucky sitting on my hands this week and will keep doing what's working until it doesn't. Almost sold a CC expiring tmrw and am glad I didn't due to after-hours...

Yesterday and today, after-hours trading has pushed the stock price higher than I've seen on "typical"/non-event days. Yesterday, after-hours trading pushed it up a higher percentage total than the regular trading day's percentage total. So far today, it looks like it may happen again. I'm...

Wow! That's bold but I understand why you feel those are still somewhat "safe"/ doable. I feel like there's still more to climb for next week. What spread width are you using? Are you selling and buying over a few days?

You may want to play with this options calculator to experiment and see how much you have to lose if the stock goes above 1,100 or below 960. TSLA can drop fast like an elevator cut loose or rocket up. A spread with options ATM that expires next week is way too much risk for me. Just one week...

In regards to what Market makers are doing, it can be hard to predict what their intentions are. From my understanding, they just respond to the trades happening. Even if they had ulterior motives, it's hard for me to imagine them taking the reigns with such high volumes. This is a guess...

My heart goes out to all the players grappling with how to handle their losses. It's similar to going through the stages of grief and loss: denial, isolation, anger, bargaining, depression, and acceptance (not always in that order). My first option play ever was selling CCs when TSLA broke...

True points, the value of a IRA vs. taxable account would be very different. Appreciate the quick napkin math, that 3% difference makes it seem more similar, so better to let that $400k grow tax free. I'm early in my investing life so that helped level me out. Good point, I will float future...

Wondering if anyone trading in their retirement accounts considered paying the 10% penalty on top of the taxes owed to withdraw their gains early. I was reading this article about strategies to withdraw funds early. How to Access Retirement Funds Early My thinking is that you trade in the...

I want to thank all the newcomers and veterans here conversing about BPS strategies. This thread is truly amazing and I want to thank everyone for sharing the highs/lows, risks/benefits, and being so forthcoming. I sold my first lot of 5 x 10/22 BPS -775/+755 today after learning through this...