Sadly I'm a pathetic trader, truly horrible and slow on the trigger. I purchased at 249 to my infinite shame. Please forgive me
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Do you guys expect any material impact on the SP from the potential media tour in the "Tent" (provided it happens?):
Elon Musk on Twitter
Depending on who controls the narrative and the information shared, I think it could be a good catalyst. Even a good selling opportunity for the Global Factory 2.0. I'm I crazy?
I do think this has potential if they are able to show a well-functioning line and credible progress toward 5000/week.
I think Elon wants to keep the pressure on shorts (and they are working themselves into a lather on this one) especially since Tesla may now have the General Assembly lines in place for 7-8K/week after further optimization (will still need to increase BIW, paint and battery production).
Lycanthrope:
So, where would TSLA SP landed if it gained a steady 1% each day, the next 10 years?
Starting now at $358,53 with steady 1% gain for the next 10 years, it would end at $2,190,301,643,884,520,000.00 per single share.
Even modest steady 0.1% daily gain, ends at $13.810,5.
Know your exponentials !
So, where would TSLA SP landed if it gained a steady 1% each day, the next 10 years?
Starting now at $358,53 with steady 1% gain for the next 10 years, it would end at $2,190,301,643,884,520,000.00 per single share.
Even modest steady 0.1% daily gain, ends at $13.810,5.
Know your exponentials !
Greed.
I got greedy and pulled out at 315€ (stock price is currently sitting at 308). With that Tesla just sponsored me a medium level model 3 after taxes. I´ll buy in again on the next major dip, and if that never happens I´ll still be happy that Tesla is doing well.
Now the Model 3 just has to arrive in europe
It's not exponential, it's compound interest. But it's still incredibly powerful.
Exponential would be doubling every day.
It's like the story of the chess-board and the rice... or folding paper... Mind-blowing stuff.
compound interest is an exponential equation.
@WarpedOne is correct, however, compound interest is also an exponential (also called a geometric).
The base of the exponent can be numbers other than 2, such as 1.01 for 1% increase.
Exponential function - Wikipedia
Exponential growth - Wikipedia
@Bobbyducati types faster, but I link
Still green in premarket
@Lycanthrope could you give me the excel functionyou used for this?
I never understood to do compund sums like this one...
??the exponent in your example is 1.01 or 2, not the base
x is the exponent, interest rate is the base
t=0: v* (1.01)^0 = v
t=1: v*(1.01)^1= v*1.01
t=2: v*(1.01)^2= v*1.01*1.01
....
Green so far, MMD today?
I sold my shares to lock in profits. I've been in TSLA long enough to see that it has its ups and downs that I should take my chances to unload my holdings when it has reached its peak before dipping back down and ultimately reversing and heading back up again. Since I sold at $355, I want to buy on the dip at a larger discount. Kinda defeats my purpose of achieving that discount if I had to buy back greater than $355 or a bit lower than $355, for example $353 (not even a 1% discount). I'm looking at $340s as that's about a 10% fall ("stock correction") from recent high. But it seems like it might not happen and I'll just have to take a smaller discount and go with about $350...
I don't do it in any fancy way, probably a mathematician who can show something more elegant...
A1 = starting price
B1 = starting price * 1.01
A2 = B1
B2 = fill-down from B1
Fill down... A2 and B2 for as many days as you want.
I stand corrected on the terminology...
Greed.
I got greedy and pulled out at 315€ (stock price is currently sitting at 308). With that Tesla just sponsored me a medium level model 3 after taxes. I´ll buy in again on the next major dip, and if that never happens I´ll still be happy that Tesla is doing well.
Now the Model 3 just has to arrive in europe
Yeah, you can attribute to greed. I definitely want more money in my pocket to fund my Tesla Model 3.I'm trying to take advantages of the dips. I would like to get the performance trim, but paying an additional $20K something for it is not going to hold great value in my wife's eyes. AWD version of the Model 3 is already more expensive than our 2017 Honda Pilot Elite. Gotta find additional money somewhere.
Todd Burch
14-Year Member
So these MMDs (Mandatory Morning Dips for the uninitiated) are consistent enough that we've given them a name. Why are the always at market open? I assume they're just trying to set the tone for the day, or is there another reason? It's almost so consistent that you could trade on the MMD alone and probably make decent returns.
bdy0627
Active Member
Swing trading TSLA makes good sense most of the time. I'm sure many of us have done extremely well doing just that. Right now, this trend is quite strong, so it is riskier to go all out in anticipation of a major dip coming soon. Consider keeping a core portion invested while using another portion for swing trading. Psychologically, that's much easier to do in terms of FOMO on a rapid rise vs derisking for a dip.
bdy0627
Active Member
I think traders expect them, so they are amplified and hit early in anticipation.
Below is a link to one of my earliest TMC posts on 2013 MAR 12, which was shortly after I first purchased TSLA shares. At that time some surrounding posters reported selling the stock in the high $30's with hopes of buying back after a significant dip. Many of them were never heard from again.
Short-Term TSLA Price Movements - 2013
Final paragraph from that post:
Perhaps longer term investors need not be too concerned. When a large number of traders feel it’s time to take profits in anticipation of repurchases at lower prices, yet are unable to depress prices much by their selling, those traders may eventually have to chase a stock that is running away on them.
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