The story of my life. I am fascinated by the stock market, ever since I was a little kid. But for the life of me, I just cannot choose the right entry and exit points. I understand this is a very difficult thing to master, probably so much that very few people ever do.
I tried investing in TSLA here and there, but I guess my problem is that I tend to cut losses too quickly rather than wait things out. I played around a bit when TSLA was oscillating between 28 and 35. At one point I was up about $1500, then a few days later down about $2200 (~$700 in the hole) so I end up cutting out when I should have exited at $1500. It's not a huge amount of $$, but I'm not good enough yet to put more in. Then again, I should have just held through it all and I'd far in the plus.
After trying this for 6 months or so and failing, when March came, (my delivery date), I just decided to exit everything and use that for a bigger down payment. In retrospect, that was a HUUUUUUUUUGEEEEEEEEEEE mistake. In my heart I knew TSLA was going to succeed (I wouldn't buy the car if I didn't believe that), and I understood the concept of short squeeze and I knew it was going to happen. At one point, I even had some $38 May Call options. I think I exited that when Broder's stupid article came out and sank my little investment. I knew TSLA was for real too and I knew Broder's story was totally full of crap. Even though I 100% fully trust in Tesla and have no doubt that they are going to succeed (they already have), I just didn't trust in myself and that just caused me to go down the rabbit hole - confused and disappointed at my own attempts at investing. Needless to say, I am extremely P.O.'d I didn't hold those calls.
Now I don't have enough extra $$ floating around to reinvest. But given the story of my life, even if I did go in now it'd probably just go back down. Then I'd exit to cut losses, then it'd probably explode up again. I wish I could make some $$ here but I don't think this game is for me. The only time I ever really made real money is when I just dumped cash into some high-yield 10-15% dividend paying stocks. Perhaps that is the only game I should be playing. I don't think I'm cut out for the stress of trying to invests in more volatile stocks.
My last note will be this - I hope this damn stock explodes over $200 and rips all those shorter's a new one. Tesla is going to succeed no matter how hard you try to put them down. Get that through your thick skulls. You are all in denial. YOU are the ones that should be cutting your losses now, not us. Electric cars are here to stay. EVs will win over every single person in this country one-by-one. It is only a matter of time. And that time is starting right now. Once an individual realizes they never have to pay for an ounce of gas and oil again and that these vehicles are basically maintenance free, a little light bulb will click in their head and they will never go back. I have had my P85 since March 6th, and a little over 60 days ownership I am already approaching $1000 in gas savings from my previous vehicle, and that's after factoring in what I pay for in electricity. This car is light years ahead of any other production vehicle in the world. I will never buy an ICE car again. In fact, the only vehicles I will probably ever buy again for the rest of my life will have the Tesla logo stamped on it. And my final thought to those shorters is this: Tesla has yet to market their vehicles. The only exposure they have been getting is through word of mouth and news reports. Imagine the impact whenever they start deciding to broadcast some commercials and advertise to the general public.....many, if not a majority of people still do not even know Tesla exists. I get "What is that?" and "Never heard of them before?" and "That's an EV? Is that a Fisker? I heard those cars catch fire and explode.". Funny thing is they seem to know more about Fisker than Tesla. the one I love the most is "Wow that car looks incredible? What is it? 'Tesla' Who makes it? 'Tesla'. Who?" They are busy with their lives. Once they catch wind of these Tesla cars ... I can't wait to see this company explode. They are already outselling every other high end luxury sedan on the market with 0 advertising
Also, congrats to all shareholders right now. You are sitting very pretty after this past week and after yesterday's close. Now you all should have enough to buy the Model X outright I should also thank all the other owners right now. We made it happen. We believed, we trusted, they delivered. Thank you Elon. Keep up the hard work - I have to buy my daughters cars in about 14 years, lol.
I tried investing in TSLA here and there, but I guess my problem is that I tend to cut losses too quickly rather than wait things out. I played around a bit when TSLA was oscillating between 28 and 35. At one point I was up about $1500, then a few days later down about $2200 (~$700 in the hole) so I end up cutting out when I should have exited at $1500. It's not a huge amount of $$, but I'm not good enough yet to put more in. Then again, I should have just held through it all and I'd far in the plus.
After trying this for 6 months or so and failing, when March came, (my delivery date), I just decided to exit everything and use that for a bigger down payment. In retrospect, that was a HUUUUUUUUUGEEEEEEEEEEE mistake. In my heart I knew TSLA was going to succeed (I wouldn't buy the car if I didn't believe that), and I understood the concept of short squeeze and I knew it was going to happen. At one point, I even had some $38 May Call options. I think I exited that when Broder's stupid article came out and sank my little investment. I knew TSLA was for real too and I knew Broder's story was totally full of crap. Even though I 100% fully trust in Tesla and have no doubt that they are going to succeed (they already have), I just didn't trust in myself and that just caused me to go down the rabbit hole - confused and disappointed at my own attempts at investing. Needless to say, I am extremely P.O.'d I didn't hold those calls.
Now I don't have enough extra $$ floating around to reinvest. But given the story of my life, even if I did go in now it'd probably just go back down. Then I'd exit to cut losses, then it'd probably explode up again. I wish I could make some $$ here but I don't think this game is for me. The only time I ever really made real money is when I just dumped cash into some high-yield 10-15% dividend paying stocks. Perhaps that is the only game I should be playing. I don't think I'm cut out for the stress of trying to invests in more volatile stocks.
My last note will be this - I hope this damn stock explodes over $200 and rips all those shorter's a new one. Tesla is going to succeed no matter how hard you try to put them down. Get that through your thick skulls. You are all in denial. YOU are the ones that should be cutting your losses now, not us. Electric cars are here to stay. EVs will win over every single person in this country one-by-one. It is only a matter of time. And that time is starting right now. Once an individual realizes they never have to pay for an ounce of gas and oil again and that these vehicles are basically maintenance free, a little light bulb will click in their head and they will never go back. I have had my P85 since March 6th, and a little over 60 days ownership I am already approaching $1000 in gas savings from my previous vehicle, and that's after factoring in what I pay for in electricity. This car is light years ahead of any other production vehicle in the world. I will never buy an ICE car again. In fact, the only vehicles I will probably ever buy again for the rest of my life will have the Tesla logo stamped on it. And my final thought to those shorters is this: Tesla has yet to market their vehicles. The only exposure they have been getting is through word of mouth and news reports. Imagine the impact whenever they start deciding to broadcast some commercials and advertise to the general public.....many, if not a majority of people still do not even know Tesla exists. I get "What is that?" and "Never heard of them before?" and "That's an EV? Is that a Fisker? I heard those cars catch fire and explode.". Funny thing is they seem to know more about Fisker than Tesla. the one I love the most is "Wow that car looks incredible? What is it? 'Tesla' Who makes it? 'Tesla'. Who?" They are busy with their lives. Once they catch wind of these Tesla cars ... I can't wait to see this company explode. They are already outselling every other high end luxury sedan on the market with 0 advertising
Also, congrats to all shareholders right now. You are sitting very pretty after this past week and after yesterday's close. Now you all should have enough to buy the Model X outright I should also thank all the other owners right now. We made it happen. We believed, we trusted, they delivered. Thank you Elon. Keep up the hard work - I have to buy my daughters cars in about 14 years, lol.