Is a Teslanaire someone that owns $1million+ in TSLA or someone that has $1million+ in TSLA gains? I am not close to either as I just got in after Battery Day, but hopefully someday I will be.
-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
Is a Teslanaire someone that owns $1million+ in TSLA or someone that has $1million+ in TSLA gains? I am not close to either as I just got in after Battery Day, but hopefully someday I will be.
I actually like that graph. The wall of buy orders is bigger than the wall of sell orders. And that sell wall is only really solid at 600. The stretch from 580 to 600 looks like butter.
TheTalkingMule
Distributed Energy Enthusiast
Let's keep it rational people!
Nov 30th is two half trading days away and S&P could conceivably do anything regarding the inclusion plan for December. I think there's a 99.8% chance they keep it to one of the two aforementioned options, but you never know. This game is rigged after all and there are no real rules.
I bring this up not to plan for the possibility of that .2% becoming reality, but to think about what the front-runners and day traders might do to plan for it. If I'm some unimaginative asshole day trader, with zero allegiance to any stock or any understanding of their underlying value, what's my chart-based move on Friday? Well I sell obviously!
Smart traders who got in to front-run when the inclusion plan was announced are up what.....~$150 right now? I think a fair share of them won't want to risk their entire pile of gains on a bizarre S&P decision Monday, no matter how unlikely. The downside of selling is you lose maybe 2-6% of additional gains after a ho-hum decision, but you protect and lock in the 40% you're already sitting on.
This could cross more than a few minds over the next two days and we could see a sharp selloff Friday/Monday with a massive rebound Tuesday. Highly highly unlikely, but just trying to envision a rational worst case scenario that makes sense through all the champagne bubbles. I would be very careful playing with call options for this week. And maybe have some dry powder ready.
Nov 30th is two half trading days away and S&P could conceivably do anything regarding the inclusion plan for December. I think there's a 99.8% chance they keep it to one of the two aforementioned options, but you never know. This game is rigged after all and there are no real rules.
I bring this up not to plan for the possibility of that .2% becoming reality, but to think about what the front-runners and day traders might do to plan for it. If I'm some unimaginative asshole day trader, with zero allegiance to any stock or any understanding of their underlying value, what's my chart-based move on Friday? Well I sell obviously!
Smart traders who got in to front-run when the inclusion plan was announced are up what.....~$150 right now? I think a fair share of them won't want to risk their entire pile of gains on a bizarre S&P decision Monday, no matter how unlikely. The downside of selling is you lose maybe 2-6% of additional gains after a ho-hum decision, but you protect and lock in the 40% you're already sitting on.
This could cross more than a few minds over the next two days and we could see a sharp selloff Friday/Monday with a massive rebound Tuesday. Highly highly unlikely, but just trying to envision a rational worst case scenario that makes sense through all the champagne bubbles. I would be very careful playing with call options for this week. And maybe have some dry powder ready.
I don't know. I don't see why not, but would you lose some of the tax advantage since the IRA is not taxable? Above my pay grade I'm afraid.
TheTalkingMule
Distributed Energy Enthusiast
I think you have to have not been previously a millionaire and now have $1M in TSLA holdings/gains. I bet the rules are pretty flexible.
I've made a lot of money using options over the years.
This man did not fare as well:
I'm not saying never use options but it's not as secure of a method to build wealth as investing in high growth companies and holding them long-term. With options you had better know what you are doing or you're probably gonna lose bigtime.
Survivorship bias is a real thing. We tend to think that since someone did something great once, they have a better chance of doing it again. You see someone making 47 million from 1 million, but you didn't see the others who maybe made similar bets just before Elon smoked a blunt on a podcast.
Someone did great in the stock market once and then are lauded, but subsequent moves don't work out as well (ahem Jim Chanos). Most mutual funds can't even outperform index tracking funds over a long time frame.
What worries me for Tesla investors who have good or great success with the stock get overconfident. Are you going to be able to apply the same strategies again with another stock? Right now I would think over decades I would get more conservative with at least some investments because right now I have to think I was more lucky than good.
That's why I respect folks who show repeated success. Elon Musk's repeated success shows he's the real deal vs. really anyone who has founded only one successful company - easy to be lucky.
@StealthP3D seemingly has had multiple repeated successes with long-term investments with at last a handful of stocks.
Do you know anyone who has had sustained success over decades with options?
Fidelity won't give up. After failing to get me to talk to one of their advisors about my Portfolio (which is 100% TSLA), they called my wife about diversifying and getting help to manage it (as if any of their advisor's returns can get to even 1/10th of mine). She told them we aren't interested.... My wife was shocked that she got a call. I explained to her that they need us to sell our shares so they can buy them at a lower price! Go find another sucker Fidelity!!! 
Last edited:
Last edited:
Fidelity won't give up. After failing to get me to talk to one of their advisors about my Portfolio (which is 100% TSLA), they called my wife about diversifying and getting help to manage it (as if any of their advisor's returns can get to even 1/10th of mine). She told them we aren't interested.... My wife was shocked that she got a call. I explained to her that they need us to sell our shares so they can buy them at a lower price! Go find another sucker Fidelity!!!
I am disappointed. I have never gotten a call from Ameritrade or Ally trying to "manage" my money.
Rotte
Member
There currently isn't enough money in the world to equal that!or just use this, put the amount you have now, 10 years at 50% interest and you’ll have a ballpark idea what are you sitting on in 2031:
Compound Interest Calculator - The Calculator Site
humans struggle with compound interest, I know I was.
No, it must be gains of $1M to be a teslanaire, otherwise you could cheat and just buy your way in. Unrealized gains are acceptable.
Spacep0d
Active Member
Now I'm feeling pretty good about enthusiastically encouraging my girlfriend to buy 45 shares of Tesla (I have a little less than that). I cannot believe how much FUD I get from friends who JUST DON'T GET IT no matter how many times I explain things. Their loss.
Am I crazy for wanting to sell my lightly-used P3D- to buy more TSLA? I barely drive it during the pandemic. Hmmmm. Decisions, decisions.
I cannot believe how much FUD I get from friends who JUST DON'T GET IT no matter how many times I explain things. Their loss. Am I crazy for wanting to sell my lightly-used P3D- to buy more TSLA? I barely drive it during the pandemic. Hmmmm. Decisions, decisions.
woodisgood
Optimustic Pessimist
I am disappointed. I have never gotten a call from Ameritrade or Ally trying to "manage" my money.
Consider it a compliment. They don't view you as gullible on paper.
...or rich....
Those who may have recorded such single day gains (NOT making, just showing such a gain) undoubtedly know the difference between taking a profit and showing a gain. Unless it is realized it’s not ‘making’ anything.
It’s fun to watch the big rise, nit so much the drop. The present situation is euphoric. There is high likelihood that after several ATH there will come a correction.
Sure, we have cause to attribute to S&P and lots of good news.
FWIW, I’m not taking any gains. I ride out the volatility. This one might last a while, but it’s still euphoria, so corrections will come....sometime.
We were in a correction and subsequent consolidation period for a healthy 2 and a half months. This thing has a long ways to run before another correction will occur
Last edited:
CyberDutchie
Active Member
Glad to see that despite Market Watch’ desperate try to make a big thing about this Model X recall (and including Model Y in the story for the more dramatic headline: “Tesla is recalling more than 9000 Model Y and Model X vehicles”) the stock is not bulging.
Btw, I experienced this issue of bad adhesive on my own Model X in July. The top glass blew off while driving on the freeway. I happily paid over $700 to have it repaired by Tesla Services, thereby contributing to them booking a record $581M in Q3 services revenue
whats crazy about the recent run is that IV on options is still very manageable for how TSLA has traditionally traded
Similar threads
- Locked
- Locked
