Seems Lot of ET members bought into Hype and Got crashed this week

T

TradeTune

I wanted opinion on Tesla and I was surprised how bullish most ET Members was on Tesla and other companies, some thought Tesla would be around $550-$750 soon.

This is a prove always do opposite what public think. Even i lost my convictions and liquited my short Positions at $445 and $407, else i could made some good money.


https://www.elitetrader.com/et/thre...old-or-short-more.350076/page-11#post-5206790
I have shorted 50 shares of Tesla at 407.00, do i hold or Short more ?
 
Last edited:
TradeTune said:
I wanted opinion on Tesla and I was surprised how bullish most ET Members was on Tesla and other companies, some thought Tesla would be around $550 by today.

This is a prove always do opposite what public think. Even i lost my convictions and liquited my short Positions at $445 and $407, else i could made some good money.


https://www.elitetrader.com/et/thre...old-or-short-more.350076/page-11#post-5206790
I have shorted 50 shares of Tesla at 407.00, do i hold or Short more ?
More...

You have to analyze the stockchart to figure out your entry and exit before you even get into a trade. News, indicators, ET trolls is guaranteed to lose your monies. In the end, it is your monies so, you should be trading first, to protect your capital. Profits will take care of themselves. TSLA could be a good trade on the long side or the short side, depending on when you placed your trade.
 
TradeTune said:
I wanted opinion on Tesla and I was surprised how bullish most ET Members was on Tesla and other companies, some thought Tesla would be around $550-$750 soon.

This is a prove always do opposite what public think. Even i lost my convictions and liquited my short Positions at $445 and $407, else i could made some good money.


https://www.elitetrader.com/et/thre...old-or-short-more.350076/page-11#post-5206790
I have shorted 50 shares of Tesla at 407.00, do i hold or Short more ?
More...

you’ll be disappointed if you think elitetraders are fundamentally any different that Wall Street bets or Robinhood traders (with some exceptions)
 
newwurldmn said:
you’ll be disappointed if you think elitetraders are fundamentally any different that Wall Street bets or Robinhood traders (with some exceptions)
More...
We have no reliable data on that.

My guess would be, the avarage age of users here, is higher than in RH or wbets.
Thus, time horizon is shorter & the risk tolerance is lower. Less YOLO.

But the events durin covi, made me to question the correlation between this craft and general intelligence. It's even more questionable, since we have , again, no data indicating trading/investing track record of the members.

Just because one has >10k messages , doesn't mean that IP, wouldn't show some trailer park.
 
TradeTune said:
I wanted opinion on Tesla and I was surprised how bullish most ET Members was on Tesla and other companies, some thought Tesla would be around $550-$750 soon.

This is a prove always do opposite what public think. Even i lost my convictions and liquited my short Positions at $445 and $407, else i could made some good money.


https://www.elitetrader.com/et/thre...old-or-short-more.350076/page-11#post-5206790
I have shorted 50 shares of Tesla at 407.00, do i hold or Short more ?
More...

So you're using an example of how you took on huge risk and executed a trade badly as a reason to criticize other people ? You aren't going to do well with this attitude. Doing the opposite of what the public is doing is a terrible approach to trading. I could point to several posters on this site who had this attitude for the whole bull market and they traded the whole thing horribly ( some in catastrophic ways if they used real money ).
 
Nine_Ender said:
So you're using an example of how you took on huge risk and executed a trade badly as a reason to criticize other people ? You aren't going to do well with this attitude. Doing the opposite of what the public is doing is a terrible approach to trading. I could point to several posters on this site who had this attitude for the whole bull market and they traded the whole thing horribly ( some in catastrophic ways if they used real money ).
More...

Since 19 September, all these stocks are Hard to borrow, that means so many want to go short.
Even CNBC and other news were telling public to take caution after the split, not to buy at that price. There was No HUGE risk.

You have little clue about trading after 4,018 posts here. But still like to talk.
 
TradeTune said:
Since 19 September, all these stocks are Hard to borrow, that means so many want to go short.
Even CNBC and other news were telling public to take caution after the split, not to buy at that price. There was No HUGE risk.

You have little clue about trading after 4,018 posts here. But still like to talk.
More...

I know far, far more then you do. That is abundantly clear by your posts. You won't see me openly asking for help trading my positions. You won't see me asking for advice on shorting strategies. I knew more then you do now in 1990.
I suppose if you led with that attitude I'd have just said your post was dumb. Because it was.
 
Last edited:
You must log in or register to reply here.
Back
Top