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That's a good goal. How much longer do you have to go to accomplish it. How do you balance your work life with day trading? What do you do for work or rather is it related to the financial /trading industry?

Ah You are starting to see the solution. Hope for the best but prepare for the worst.

If you think taking a loss is a mistake you probably won't be a successful trader.

But not right away, humans are survivors. There will be a run on important stuff like toilet paper. Those with fiat cash or something that can be exchanged will be able to stock up. Those who rely on having power will be in trouble.

A good example of a trade that didn't work. You take a stop loss. You don't become a hodler!! Nothing works all the time. Be happy with 50%

How can you say that? The stock has dropped more than 80% The company isn't profitable and isn't forecast to make a profit in the foreseeable future. If we are worried about a margin call, the company has too much debt. And interest rates are rising. Exactly what is that they are doing right?

Once everyone who wants a bitcoin has one or part of one, who will be left to buy them?

But But But That's not DCAing for 40 years. Thats exercising some risk control that I think is the way to go. Yay Turtle man you knew it all along. you just have trouble expressing yourself LOL Ya gotta try to make your posts more understandable. People don't know what your trying to say...

Gotta be mixed emotions; Hoping the market goes down so that your shorts are profitable while watching the market value of your investment portfolio decline. You chould be an investment guru. On the down days you can show your short trades and on the up days you can point to the gains in your...

The thing here is that had you become a millionaire after 40 years of dollar cost averaging in Jan of this year you'd now have only 830k. Gotta have a method of protecting your capital.

LOL So no winners.:)

So what are you holding besides TSLA?

What I'm wondering is if your shorting the market is covering your loss in TSLA. TSLA is an investment,long term. Shorting the market seems to be a hedge. Seems like a no win situation. One has to go up to cover the other going down. I'm assuming that the shorts are short term so the risk is in...

I thought you were long TSLA. This is a TSLA thread after all. How did we get discussing the general market?

Oh Ya it reminds of 2000. That was the market move that taught me that there was a way to protect my capital. It showed me that the only way I could effectively avoid big downturns was to get out of the market when it started to go down. It changed me from a buy and hold investor to a speculator.

Rumor has it that Cathy Wood sold some TSLA and bouht some GM

I thought they had a special board at the exchange that showed everyone what I was doing. :rolleyes::rolleyes:

What concerns me is that the most recent high came just after blow out earnings. The stock went up for a day and has since sold off. What's going to happen to that stock if they ever miss? P/E for F and GM is single digits. TSLA is triple digits.

Analysts estimate it going to 148. Has high debt in a rising interest rate environment. Insider selling. If you wouldn't buy it today, why would you hold it.

19-20k more than likely; The 2017 highs.