Wall Street Bets is pumping GME since $7s, their attacking Melvin Capital for shorting something they are all piling on. I had to go with WSB and buy GME Dec $15s pretty cheap because that kind of buying power is banging this Market up. Guess who is winning, Melvin or WS Bets?
Buy TSLA, Sell NKLA, NIO, XPEV and LI
- Thread starter hajimow
- Start date
Wall Street Bets is pumping GME since $7s, their attacking Melvin Capital for shorting something they are all piling on. I had to go with WSB and buy GME Dec $15s pretty cheap because that kind of buying power is banging this Market up. Guess who is winning, Melvin or WS Bets?
Quite possible that TSLA will be up $100 by morning as S&P will add TSLA at full float-adjusted market cap weight.
I believe after TSLA is added to S&P, it will start to be tamed and not as volatile as it is now. I say this based on my previous experiences. After it is added to S&P, it will be like Hotel California. You can check in but you cannot check out!! I mean, you might hate TSLA and just prefer buying S&P index and you wont even know that you are putting a part of your money into TSLA.
Adding it "locks up" shares that the funds have to hold. Supply taken out of circulation creating a kinda floor to support price falling only so much.
The news out today, but the move has happened already ... today after hours move is as fake as Pamela Anderson tits
Price is truth.
"The index manager said it will announce which company will leave the S&P 500 to make room for Tesla on Dec. 11."
And that company that is being booted will drop when the announcement is made. That index manager is loading up on shorts in that stock, for sure. Mark it an 8 dude.
Buy TSLA?
When a stock was added to the Index, I'd buy that stock
despite the fact that the stock has already gone up massively.
Of course, I had to top up my trading account after that.
Sell NIO, XPEV, LI ?
When I was a newbie trader, I missed the opportunity to long such stocks.
So I did counter-trend trading
and hope and hope for the stocks to collapse.
I thought: " What goes up massively will surely crash massively.".
Again, of course, I had to top up my trading account after that.
I think I can write a book
on thousands of silly trading mistakes I have made.
Newbie traders and Professional traders trade & think very differently.
one loses money, & the other earn money.
______
When a stock was added to the Index, I'd buy that stock
despite the fact that the stock has already gone up massively.
Of course, I had to top up my trading account after that.
Sell NIO, XPEV, LI ?
When I was a newbie trader, I missed the opportunity to long such stocks.
So I did counter-trend trading
and hope and hope for the stocks to collapse.
I thought: " What goes up massively will surely crash massively.".
Again, of course, I had to top up my trading account after that.
I think I can write a book
on thousands of silly trading mistakes I have made.
Newbie traders and Professional traders trade & think very differently.
one loses money, & the other earn money.
______
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I remember hearing that about AMZN analysis that “AMZN
I have lost several trading friends who love to short the trend or buy massive gap downs. In early 00s a biotech opened from $80 to $40, my two friends bought while I shorted because you could feel them the MMs trying to hold back a flood gate of shares. Kept scaling by selling more down to $19 covered at $10.00. I begged them to “go light, stock is dangerous”! Every few minutes they asked “When you going to cover”? I asked “Did you sell”? No, they spent all their money quintupling or 6x averaging down. This was the last time we ever traded together because they both blew up. This gap buying was only part of their demise. They shorted strong stocks like AMZN, AAPL, Google ect. What’s so attractive shorting strong stocks and buying 52 week lows? I thought we were supposed to do the opposite?