Esme Es Mejor
Member
I'm one of them. I doubled my (tiny) position today when the price dropped below 249.
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I'm one of them. I doubled my (tiny) position today when the price dropped below 249.
Johann Koeber
Happy Owner
Move to Estonia. You can open an account and declare it a trading account. Then you have to annually just declare cash in and outflows that are unrelated to trading (i.e. when you add money to account or withdraw, but also monthly fees, transaction fees are considered part of trading so don't need to be reported). This means that as long as you don't withdraw from the account more than you've put in it's 100% tax free. Most banks where you can trade generate the report automatically and you can with one button send it to the customs board where it goes to your tax declaration automatically.
If you do withdraw more than you put in, then on the excess amount you have to pay 20% income tax. That's it. You can daytrade or do what ever you want, you can reinvest your profits as many times as you want. You'll only get taxed if you take the money out finally.
EDIT: actually, you don't even need to move here I think. we have a program called e-residency where you can become an electronic citizen of Estonia gaining most of the rights of true citizens. Opening a bank account and creating a company are some of the perks, but I think you can also probably tie it with the trading account and then for example open a trading account in LHV that as a backend uses Interactive BrokersSo you get low transaction fees and excellent taxes
But:
Almost all countries (USA and Germany included) tax the world income of the residents.
So you might just have to move.
racer26
Active Member
Battleground time.
Green close after being in the red all day and with decently red macros? I like that idea.
Green close after being in the red all day and with decently red macros? I like that idea.
Update on my attempts at trading the daily pattern with Mar17-250 calls...
Sold almost all of them on Fri, held one contract overnight for fun. The Korea missile news made for a negative open, however TSLA wanted to trade according to the usual pattern despite the markets opening in the red.
Bought more contracts on open, almost sold on the "delayed morning pop".... sold all of it on the close. Lost a little bit on the contact held over the weekend (time decay) but made it up with the rest of the trade.
Will be looking for clues tonight and early tomorrow morning to see if it may repeat tomorrow.... I think a change in the daily volume will be a strong sign of pattern over. 3.3M for a Monday with negative macros is low volume.
I was tempted to hold more over the weekend hoping for a strong open, however decided not to do that as it's short term options and time decay is a big factor. Lucky I held one contract!
Sold almost all of them on Fri, held one contract overnight for fun. The Korea missile news made for a negative open, however TSLA wanted to trade according to the usual pattern despite the markets opening in the red.
Bought more contracts on open, almost sold on the "delayed morning pop".... sold all of it on the close. Lost a little bit on the contact held over the weekend (time decay) but made it up with the rest of the trade.
Will be looking for clues tonight and early tomorrow morning to see if it may repeat tomorrow.... I think a change in the daily volume will be a strong sign of pattern over. 3.3M for a Monday with negative macros is low volume.
I was tempted to hold more over the weekend hoping for a strong open, however decided not to do that as it's short term options and time decay is a big factor. Lucky I held one contract!
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Yesterday was pretty heavy shorting day at Fidelity, with total 346k shares borrowed, and total net shorting of 224k shares. Today at 8:00am there were 196k shares available, less than half of the shares that were available for shorting at the same time yesterday. May be we can break the 250 spell and start moving up in anticipation of cap raise
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As of 9:20 ET
Premarket low 250.88
High $252.90
Share Volume 26,996
Trading towards the upper end of the range at the moment....
Looks a bit like yesterday but more positive. Guessing the morning pop will happen and be higher than yesterday.
Edit: I'm tempted to play the same trade as before but if volume picks up I will consider the possibility of less of a, or no, mid-day dip.
Premarket low 250.88
High $252.90
Share Volume 26,996
Trading towards the upper end of the range at the moment....
Looks a bit like yesterday but more positive. Guessing the morning pop will happen and be higher than yesterday.
Edit: I'm tempted to play the same trade as before but if volume picks up I will consider the possibility of less of a, or no, mid-day dip.
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Except for one these are tiny trades, and the one is only 2500 shares. I don't think premarket means anything at all today.
Fidelity update: much more subdued activity at Fidelity as compared to yesterday.
Indexes down, Tsla doing pretty good...
Volume is a bit more perky than yesterday. My bets are on pattern repeating, but higher highs, higher lows than before.... sold some calls short on the peak, let's see what happens (this may get interesting).
Planning on covering in a bit and loading up on long calls at any dips. Might hold some trading positions overnight, seems like people are getting bored with it trading flat and plan on seeing it go up.
Volume is a bit more perky than yesterday. My bets are on pattern repeating, but higher highs, higher lows than before.... sold some calls short on the peak, let's see what happens (this may get interesting).
Planning on covering in a bit and loading up on long calls at any dips. Might hold some trading positions overnight, seems like people are getting bored with it trading flat and plan on seeing it go up.
racer26
Active Member
I default to assuming that premarket/after hours means nothing unless its a >$2 move, and even then, most of the time means nothing.
My current wild guess on our daily pattern.... we got a larger than average "morning pop" and we will get less of a move up in the afternoon.
Markets were down this morning and Tsla was doing great, now the indexes have recovered and Tsla is lagging... Feels like Tsla traders are waiting for some piece of news to drive it in one direction or another.
I did good selling calls in the morning and covering mid-day... now what to do with the long calls that got accumulated in the last couple of hours? Thinking sell half at the end of the day, take a chance on tomorrow morning with the balance...
Markets were down this morning and Tsla was doing great, now the indexes have recovered and Tsla is lagging... Feels like Tsla traders are waiting for some piece of news to drive it in one direction or another.
I did good selling calls in the morning and covering mid-day... now what to do with the long calls that got accumulated in the last couple of hours? Thinking sell half at the end of the day, take a chance on tomorrow morning with the balance...
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Jonathan Hewitt
Active Member
Yep, interesting move up in the AH.... I'm hoping for a positive open tomorrow.
I'm thinking the Morgan-Stanley security based upon TSLA is the reason for the afternoon weakness of TSLA. The security could be a good thing if enough are sold, if Tesla is the beneficiary of the funds, and if the stock price remains relatively high.
JRP3
Hyperactive Member
Some are suggesting the MS security is simply their product and no benefit for TSLA.
JRP3
Hyperactive Member
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