Yes I forgot to mention that before posting. I'm not a subscriber but least the headline shows how insane and crazy this market has become that its nothing but daytraders hyping the market up.
So Who is Betting on TSLA Monday Morning?
- Thread starter GrowleyMonster
- Start date
Yes I forgot to mention that before posting. I'm not a subscriber but least the headline shows how insane and crazy this market has become that its nothing but daytraders hyping the market up.
when I was newbie trader, I used to follow tips from whatever source.
quite entertaining to see those newbie ( and lazy ) traders just follow Robinhood
and trade blindly.
soon they will know this is not the way to earn $$$.
human behaviour is rather predictable.
however market behaviour cannot be predicted.
Actually, good idea. But I used Ctrl+A and Ctrl+C, then Ctrl+V in Gedit. But maybe you actually meant Alt+PrtScr? Shift+PrtScr lets you select an area to copy. At least in Linux it does, and WinDOHs mostly copies Linux/Unix for stuff like that. Still, thanks for reminding me it is better to solve the problem than to merely expose it. Now, we have done both.
that's not true
Good points, and as someone who also trades small Smart size, you're in good company.
So many traders trade large and get margin calls and blow up. Small stops are essential, tough to do when trading too big a position.
Correct.
https://www.bloomberg.com/news/articles/2020-07-13/ten-thousand-day-traders-an-hour-pour-into-tesla
Ten Thousand Day Traders an Hour Are Buying Tesla Shares
By
Sarah Ponczek
July 13, 2020, 2:20 PM CDTUpdated on July 13, 2020, 3:34 PM CDT
TSLA
Almost 40,000 Robinhood users bought the stock in four hours
Tesla shares surged 16% Monday before giving up gains
TESLA INC
1,497.06
USD
-47.59-3.08%
AMZN
AMAZON.COM INC
3,104.00
USD
-96.00-3.00%
SPX
S&P 500
3,155.22
USD
-29.82-0.94%
Robinhood users can’t get enough of Tesla Inc.
Almost 40,000 Robinhood accounts added shares of the automaker during a single four-hour span on Monday, according to website Robintrack.net, which compiles data on the investing platform that’s much beloved by day trading millennials.
The one-day return may not have turned out so well. Tesla was up as much as 16% at one point before paring gains through the day and finishing 3% lower. It was a rare losing day for the high flying stock, which has surged 56% over the past 10 days.
All told this year, Tesla’s market cap has surged by $202 billion, pushing Elon Musk past Warren Buffett in rankings of the world’s wealthiest people and burning shorts who have as much as $20 billion in bets the stock will fall. The stock is trading at 166 times estimated earnings over the next year, 20 times book value and seven times sales.
The frenzy in interest means that as of the end of Monday’s trading session, there are now roughly 457,000 users on the Robinhood app that hold shares of the company in some form. That makes it the 10th-most popular stock on the platform, ahead of even Amazon.com Inc., which is held by 358,000 users.
It isn’t at all clear that day traders are the main driver for the nosebleed rally in Tesla shares over the past few weeks. Indeed, there are myriad other possibilities, from the potential reveal of a new battery technology, to short covering, to conjecture over the possibility for the stock’s addition to the S&P 500 Index.
Of course, Tesla is just one company. But for those who like to track investor sentiment, particularly as a contrarian market indicator, the surge in interest Monday sure seems like a doozy.
(Updates trading numbers in third paragraph.)
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Let's see here: 8200/1560 = 5.25 shares so I would have bought 10.5 shares levered 2:1 on Reg T. Or better yet, long the weekly calls. Much better ROI.
On the contrary, there are fractional shares now so feel free to trade whatever size you want. However given your response it sounds like you got your panties in a bunch instead of realizing my point which is: you are old/older. Better return on your time elsewhere than to be behind a screen.
Thanks for the rant Gramps.
@Overnight I'm just curious why you stepped in to defend your butt buddy here? Did I address you? No.
If you got your vagina sore from my comments, that's your problem.
I'm a self aware newbie in this world of gambling, I mean trading. 90% of my stock trades are Tsla, since March..2020. I don't do options, ETFs or whatever else one can do to attempt exponential wins. Too complicated for me. I usually switch from Tsla when I'm stuck high and need to wait for the stock to climb back up, like today. Traded maybe 20 times in 3 hours and doing so well (I buy and sell on $15 spread up or down). It was supposed to be my last trade of the day (late night from where I live) and... Let's just say I'm going to have to wait some time before I trade Tsla again. Or not. Tsla is just like that.
I trade others and do well, but I get bored by the lack of volatility.
I trade others and do well, but I get bored by the lack of volatility.
He's not my buttbuddy, as you say.
Was Growley addressing you when you made this comment?
https://www.elitetrader.com/et/thre...sla-monday-morning.347436/page-7#post-5155280
No. You just shit on his simple comment that he bought two shares at $1566, and you suggested he should do something other than trade. Totally uncalled for.
I would have made that comment no matter WHICH user posted that, because your trolling his trade was uncalled for.
So him taking on the risk he did, to reach his potential $1800 target is not worthy to you? Then have a steaming hearty cup of STFU. Growley did not ask you for advice, so stop giving it, ESPECIALLY in a negative tone like that.