You have no other place to invest? Buy Bitcoin !
Dow falls more than 100 points amid rate fears, Apple and Tesla shares decline
Some equity investors are concerned about rapidly rising bond yields in recent weeks.
You have no other place to invest? Buy Bitcoin !
When Bitcoin is the only profitable investment the market will crash. Bitcoin is a false idol like the Golden Calf.
As i predicted most of those Tesla type EVs are being bought by people either working from home in digital firms or those who have multiple vehicles at home so dont need to drive often.
it remain to be seen whether Cyber Truck is used by contractors.
EVs are bought as status symbols usually as a second or third car by people in the suburbs with big garages. Nothing environmentally friendly about any of that. The fact that they aren’t driven much is even these status seekers prefer their ICE SUVs most of the time, especially on family trips.
Suburbans and LandRover owners who buy a cute EV to show how woke they are.
No, exit CCIV.
I exited 45% of my TSLA position in January around $860.
We need a dream
Profile is not complete. Mostly millennials. Anecdotally, mostly men… to be observed further.
Prudent However, a bit surprised you exited so much, 45% seems a little too much, thought 20-25% suffices, guess you have better place to be.
Exited in all of my IRAs. 90% of net worth was in TSLA. Was getting uncomfortable, and for my wife especially!
Most of those proceeds went into ARK funds, but 20 % or so used for more bets, such as CCIV and Moderna and GBTC.
Those IRAs are currently up 30% since I sold TSLA. So not bad so far
With TSLA reached this level, taking 50% is very wise as he can find another investment with such a run or TQQQ at bottom.
If I were in that situation, I would take 60%-75% ( with retirement account no immediate tax burden ).
Remember TSLA future growth will be slow slight above or inline with S&P.
Quite the contrary. There’s nothing better to invest in than Tsla. Even as little as 1%
There’s nothing better to invest in than Tsla. Even as little as 1%
This is investor bias exactly like what hanera says about AAPL!
It’s not called bias. It’s called conviction. Strong conviction in a good company is what you need to be a successful investor. Go all in and win big.
Talking to @jil about conviction and buy n hold is a waste of time. He only has swing trader’s glasses. He is short-sighted, can’t see anything further than a few days. He didn’t realize future fundamentals can be drastically improved under the hand of competent manager. Talking about the past financials is a waste of time in buy n hold investment. Just a few years ago, TSLA was in a precarious position, living day by day, with threat of bankruptcy because of cash flow issue. Elon Musk manages to steer the company through that period and emerges from the ocean and soar into the sky… dragon projects itself. TSLA may corrects to a certain low price, so what? Price goes up and down in the short term, is a voting machine, in the future, is all about what Elon can do… Say hypothetically, EV is a dud, Elon can steer the company into something else, is all about Elon.
I am extremely neutral but he talked like @sfdragonboy when I talked about EW picture of AAPL, I merely said what I saw in the chart, nothing more. Talking about market cap and what not in the short term is irrelevant, short term is a voting machine and voters don’t care about market cap. Voters say bitcoin is worth $1M then it is worth $1M, what fundamentals? Not sustainable? So? At this point of time, is trading at $1M.
In short, he boxes himself with current theories. He lives in a matrix
Today market ends lowest possibly, both TSLA and AAPL are low buy whoever wants to buy…!
Some equity investors are concerned about rapidly rising bond yields in recent weeks.
It’s called conviction.
But the issue is here: TSLA peaked at $880, now $737 almost 16 % loss. This is what market makers do, sell it high and buy at low, rotate.
He only has swing trader’s glasses.
You see now TSLA $737 and AAPL also being corrected higher than QQQ drop !
Making swing trader’s comment… still can’t grasp the concept of buy n hold.
90% decline in AAPL didn’t bother me, now it bothers? I have explained in great length, a buy n hold investor of AAPL since 1997 trump! any swing traders. Ditto for TSLA investors since IPO will trump! any TSLA swing traders. Reason: 100% in all the time. A very powerful concept that traders don’t grasp because they think they can time the market perfectly each time.
Making swing trader’s comment… still can’t grasp the concept of buy n hold.
90% decline in AAPL didn’t bother me, now it bothers?
A very powerful concept that traders don’t grasp because they think they can time the market perfectly each time.
90% decline in AAPL didn’t bother me, now it bothers? => If the same situation comes, 90% down, will you be quiet or want to bring down Biden from presidency ! Now, your 10% decline is way much bigger impact than then (1997) 90% decline !!
If the same situation comes, 90% down, will you be quiet or want to bring down Biden from presidency !
Huh? This has to do with Biden?
Now, your 10% decline is way much bigger impact than then (1997) 90% decline !!
So? Get used to it! Is another problem with swing traders, can’t stomach such decline! Traders can’t sleep even with puny decline! So they often goes to 100% cash You don’t have the personality to be a buy n hold, SELL YOUR MRNA and BNTX, NOW
SELL YOUR MRNA and BNTX, NOW
This is totally wrong advice (Buy & Hold people are wrong about swing trading!) at this swing trader position…It is supposed to be sell last week and buy now.
Why did I release 50% cash on Friday?
This is time to buy.
I predicted TSLA topped at $880 (went up $888) ! Now you see swing trader work !!
I bought BNTX, MRNA and TSLA now…!!!
I predicted TSLA topped at $880 (went up $888) ! Now you see swing trader work !!
So? You didn’t even have the return of @wuqijun ! even though you are aware of TSLA as early as him. May be not even @Zeapelido who is a late comer. Buy n Hold! No fooling around with trading or selling covered calls. Remember, you need to be perfect! each time… very hard to achieve.