I have forgone alcohol and diet coke.....but no Tesla? That, my friend, is a truly impressive sacrifice. Cheers to your faith, conviction and God Bless. We will do the little we can to keep the lights on.
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Social Chat - Short Term TSLA Movements
- Thread starter Jonathan Hewitt
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I have forgone alcohol and diet coke.....but no Tesla? That, my friend, is a truly impressive sacrifice. Cheers to your faith, conviction and God Bless. We will do the little we can to keep the lights on.
Citizen-T
Active Member
anticitizen13.7
Not posting at TMC after 9/17/2018
I don't think this is crazy at all. As a Boglehead (long-term buy and hold investor), I approve. I am not religious, but I can appreciate stepping away from the worldly concerns of investing to spend time on family and spiritual matters.
Enjoy the holidays!
Causalien
Prime 8 ball Oracle
Another recommendation for those of you who recently made it from q3 to now. (and judging by the amount if talk with weeklies, there are a lot of you)
Do not increase position size for each trade yet. Increase it slowly each month by 10% until you are comfortable with the new found wealth. At each bracket of money, the management if it needs to change and a major mistake is to still trade like when you only have a few thousand dollars.
Do not increase position size for each trade yet. Increase it slowly each month by 10% until you are comfortable with the new found wealth. At each bracket of money, the management if it needs to change and a major mistake is to still trade like when you only have a few thousand dollars.
InTheShadows
Active Member
That's a good recommendation, it's easy to get sloppy when the exponential power of compound interest/growth starts to take effect.
The Blue Owl
Endangerous Herbivore
Heh. If only I had read your advice last week.
It's strange. The numbers are significantly larger, but they don't feel any different, just some numbers in the corner of a screen. Your portfolio statistics look like a Pacman scoreboard. After a few good runs, you start to accelerate, increasing the frequency of trades. You use less planning or justification, because it's so easy. You also make larger bets than you should, because "5x of this would be awesome", and if it doesn't work out, hey, you have many more lives left.
Then suddenly, it stops feeling like a game when you are down 25% on a week in which the stock went up, because you picked the wrong timing and the wrong strikes. You start to think "if only I hadn't done that, I should have done the other thing instead", and jump into the next misguided trade because just imagining the next success dulls the pain from the last failure.
But instead, the first thing should be to stop, catch your breath, put things in perspective. Then focus on learning as much as possible from every individual mistake. Then start again, smaller, and build from there, while keeping emotions out of it. Fortunately, this board is a treasure for anyone willing to learn.
Anyway, right now, the only wisdom I have to offer is sharing my mistakes. I just wanted to attest, from experience, the value of the above advice
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Historically, it's fairly typical for Tesla (or it seems to me so, anyway). I think it is a stock that needs new news to keep people interested.
glhs272
Unnamed plug faced villian
InTheShadows
Active Member
Does anyone remember in what thread and where different brokerages were discussed? I called optionshouse this evening to ask for lower commissions and they told me their fees are fixed and nonnegotiable. So now I'm looking at other brokerage firms.
I asked in the n00b trading thread: Newbie Options Trading - Page 88, and there are some good responses there.
I ended up moving (in process now) to Just2Trade. Their combination of fees and features seemed right for my profile.
There was some discussion here Brokerages Trading Tools
Coincidence! I bought 2 shares this morning as well. Just had that urge.
glhs272
Unnamed plug faced villian
Bought some daily TSLA $250's at 0.48. I logged in a few seconds too late and could have got them for a lot cheaper.
Hoping for that bounce back to $252
Might not happen if the market makers were able to unload all of the notes already.
It sort of "smells" like market makers have left the building today. Not a bad thing necessarily if true, since that could remove the range-bound state of the stock.
Seems like NASDAQ is dragging us down with magnified movements today, unless I'm missing something.
IDK, it looks to me like they haven't left the building yet.
Every now and then they have to let the stock price fall to knock out some weak longs and then it is easy to build the position back up to $252 once selling is exhausted.
InTheShadows
Active Member
I didn't get any that expire this week, however I did buy for the bull flag to complete next Wednesday or Thursday. I bet on the resuming of the upward trend. Not crazy though, got 255's.
I sold some 245 puts expiring today. Part of me is hoping that we stay above that point; another part would be okay with buying some more shares <$245 (especially as my effective cost-to-buy would be <240).
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