Something I have begun doing to help me weather these huge swings in account value - I write down the account value each month to provide some historical context. But what I really track is the cash and share balance in each account. If I had 1000 shares back at $850/share then I still have 1000 shares here at $620. The only difference in the two is that at this lower share price it might be a particularly good buying opportunity (depending on the available cash).
People who say valuation has gotten out of control as rates remained low forgot TSLA nearly quadrupled in 5 months BEFORE COVID hit.
The fact you think a lousy 10% discount is a big deal suggests you don’t have nearly enough TSLA stock to get past my first level of hell defenses.
This macro movement is complete bull in my opinion. Yields have been higher previously in a healthy economy and a re-opening economy is good for Tesla. Even a moderately inflating economy is good.
Right? Stock is crashing as of rates became 5% or something. People are expecting rates to recover to pre-Covid levels. IMO it's more of an issue if rates doesn't recover to pre-covid levels(meaning the expected boom in economy as things open up is fake news and the economy is actually a lot weaker than the market suggest).
What a ride the last few weeks have been! I'm thinking about changing my account passwords so my wife can't see how much money we've lost.
Just curious why you would need the LEAP for this strategy. You could just simply sell those weekly calls against the long shares in your account correct? What am I missing?
Essentially, I take this to support how the faith people are putting into the distribution of the vaccine is providing evidence of a broad placebo effect upon how they consider the bigger picture. Not saying the vaccine is a placebo, only that the tremendous faith in the positive effect of it as being both instantaneous and universal is a placebo effect. The result of this emotional aspect results in a rush back into some investments as if everything is already "back to normal" when that transition will only be achieved over time, rather than overnight. (not to say that there is no benefit in positive thinking) We are trained to expect instant gratification by the "programming" we've been subjected to over generations of feeding upon advertisement and promotion of goods and services. ("we" being the general populous) This expectation has been instilled into the collective psyche by repetition via successful transactions in common things like consumer shopping. This expectation of instant gratification is realized often enough to establish it as being a somewhat valid baseline to many folks. They make their business decisions by measuring to some degree against this benchmark. Hence, some explanation for part of the current silliness we are seeing. People, are a problem. Particularly when their lizard brains overrule their more rational grey matter parts.
It's fine to dump bonds on forward looking sentiment, but the yield is not even at pre-covid levels so what is the big deal? They say "well now there's an alternative"..in what way? If everyone shifts back to bonds then it'll drop. If you buy bonds today then the value of your bond may drop if rates go up. Treasury bonds have been a crap alternative for the past 2 decades and all of a sudden it's an alternative at current yield rates? LoL.
I will kill my instacart/prime membership as soon as the pandemic is over. Can't wait to pick my own fruit.
I share your pain. A friend bought at $850. He sold today at $650. He’s planning to rebuy in 2 weeks at $500
It may pay off for him......or that might be an excruciatingly painful mistake. I would actually be more stressed about it randomly shooting 10% higher one day next week and then having to chase it over it dropping into the 500's.
After-action Report: Thu, Mar 04, 2021: (Pre+Main Session Trading) Headline: "TSLA Mugged by with Macros" Pre-Market: Pre-Market Volume: 1,031,313 Pre-Market High: $661.99 Pre-Market Low: $636.00 Consolidated Last Sale: $660.89 +7.69 (+1.18%) Main Session: Traded: $40,454,855,151.51 ($40.45B) Volume: 64,599,424 VWAP: $626.24 Close: $621.44 / VWAP: 99.23% TSLA closed BELOW today's Avg SP TSLA MaxPain (7:00 A.M.): $710 (-$10 from Wed) TSLA S&P 500 Weight: 1.53526% (Mar 03) Mkt Cap: TSLA / FB $596.492B / $733.674B = 81.30% NB: Yahoo has updated Mkt Cap re 10-K shares (Feb 10, 2021) CEO Comp. Status: (est'd Mkt Cap including 10-K (Feb 01) shares) TSLA 30-day Closing Avg Market Cap: $719.80B TSLA 6-mth Closing Avg Market Cap: $567.53B Mkt Cap for 10th tranche ($550B) likely achieved Tue, Feb 23, 2021 Mkt Cap for 9th tranche ($500B) likely achieved Wed, Feb 03, 2021 Mkt Cap for 8th tranche ($450B) likely achieved Tue, Jan 19, 2021 Nota Bene: Operational milestones req'd (chart at link). 'Short' Report: FINRA Volume / Total NASDAQ Vol = 47.2% (47th Percentile rank FINRA Reporting) FINRA Short / Total Volume = 38.3% (44th Percentile rank Shorting) FINRA Short Exempt ratio was 1.69% of Short Volume (55th Percentile Rank Exempt) QOTD: @capster "Patience is (still) a superpower" Comment: "Buy'n'hold is a game best played cold" View all Lodger's After-Action Reports Cheers!
If one retires early, because of an addiction to TSLA, what exactly do you think one would be doing during retirement?!