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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
Pezpunk
Active Member
definitely broad-market algos. there's no specific Tesla news.
Fed Vice President said to not expect a rate cut apparently. But who the hell was expecting a rate cut in the current market environment?
Me too..... although I only did that in my mind (maybe facially, too)
Artful Dodger
"Neko no me"
Well seems somebody is buying the dip big time.
Well fellow longs, here's your buying opportunity!
Bought 10 more on that $872 dip. What a deal. 
StealthP3D
Well-Known Member
Exactly! Which is why I'm holding cash. A lot of it. Because I'm not a sailor returning from shore leave. And I still haven't found a home for most of my TSLA calls profits.
In general, I'm only fully invested when everyone is running scared. But everyone's situation is different. I've been retired for a little over 20 years and my only income is that which I generate myself. By holding a large cash balance when the market is booming, I'm more comfortable with a higher weighting in stocks and growth stocks vs. investments with lower returns.
Heck, even when I was a fisherman I always returned from shore leave with plenty of cash remaining. Not because I didn't have fun, but because I brought enough to cover every possible contingency and then some.
Here's one of the more valuable life hacks I found useful for saving money: Don't limit the amount of cash you have on hand thinking that's a good way to limit spending. That just makes you feel poor and want things you can't buy until you have the money readily available. Instead, always ensure you have access to more than enough money. Limit spending by always knowing you could buy whatever you wanted at the moment but that you will be happier overall if you only buy things that will serve you well in the bigger picture. This is how you take charge of your spending without feeling deprived. It forces you to make better decisions. Not because you have to, because you want to. It puts you in charge.
wow so now I'm a bag holder. Thanks.Bought 10 more on that $872 dip. What a deal.
Damn, the timing on these things is so random.
If I had the guts to hold my 2 other 600 calls, I coulda sold them yesterday for +$10k.
But as soon as I sold em, TSLA shot up and I didn't have enough to pay 100% for my 800c exercise yesterday.
So, decided to hold a bit more. Now bam! Coronavirus comes in. All of a sudden.
Leaving me on the middle ground-
deleveraged, but not enough money to pay for 100 shares.
Artful Dodger
"Neko no me"
SP bounced off $860 as we closed the gap to Tuesday's Close:
Now let's see if Macros recover or continue to slump.
Cheers!
StealthP3D
Well-Known Member
Disappointed that the early morning drop didn't get low enough to trigger an call buyback so I could get a free roll-up. :Þ But, such is life.
Did that trip to $860 a few minutes ago do it for you?
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