Even it goes to $ 600, i will add another 50 shares, and it will falls back to $500 , get out at break even. But there is no guarantee Tesla doesn't go down, lot of traders think Telsa is a unicorn stock.
I have shorted 50 shares of Tesla at 407.00, do i hold or Short more ?
- Thread starter TradeTune
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Even it goes to $ 600, i will add another 50 shares, and it will falls back to $500 , get out at break even. But there is no guarantee Tesla doesn't go down, lot of traders think Telsa is a unicorn stock.
You lost over 2 grand in 24 hours (a 10% loss and counting) and you still want to stay short?
It's your money and you have the right to trade as you see fit but be careful my friend, a 10 or 20K loss will always start with a "small" 2K loss...
The next support/resistance line is Powell tomorrow. What he says will determine if it is R or S.
The next support/resistance line is Powell tomorrow. What he says will determine if it is R or S.
Pffffft. Powell ha. He already said rates staying low forever. So what could he possibly do or say to give the markets more hope.....ohhhh i forgot the fed always has something magical to say no matter what, just to keep the wallstreet in its happy little place. Tomorrow a surge. Going for an easy 2% rally. End the week up 5% because that's how the fed rolls....
Well, two possibilities...He could tow the committee line and stand pat, or to royally screw Trump, (who he has no love for), could announce that they all found new data that shows a .25% increase in rates will better get them to their floating inflation target of *insert BS figure here*.
Markets then pull a Q4 2018, just in time for the election, and Trump is out because apparently he thinks the US perceives a good stock market with a good president (according to him?). Lots of fun psychology tools the FOMC has under their belt.
Of course, the latter scenario is not likely to happen, but the speculation keeps the creative thought process going.
As long as you can bankroll more short shares ....if it goes to 600 go with a bit less amount of shares. I would scale in 5 to 10 shares for every $100 push higher. A $600 price would place a $558 billion value on tesla. A bit insane if you ask me. A thousand dollars and over a $900 billion market cap....remember they sell less than 500,000 cars a year and are worth more than Toyota homda and the big 3 combined. Time for a rude awakening
Great thinking and possibilities to be thought, however i give both of them literally a zeroooooo.... yes a zero percent chance of happening. Never ever would this happen so I suggest a better creative thought process of a more potential outcomes
Great thinking and possibilities to be thought, however i give both of them literally a zeroooooo.... yes a zero percent chance of happening. Never ever would this happen so I suggest a better creative thought process of a more potential outcomes
No, the first scenario is the one likely to happen...Powell stands pat. But the real key will be in the details of his speech. The little nuances.
Just because there worth more than them together, doesn't mean that they can't on paper be worth 3x's them, markets rarely make sense, which is why they screw the little guys over and the rude awakening might not come till $800 and he's averaged in and losing 100K.
Goes with my quote in my other reply "Markets can remain irrational longer than you can remain solvent."