Alright, let’s summarize this week in Tesla. I’ve been gone for a couple of days but I’m back now and today I’m going to do things a little differently. First, I’ll talk about the weekly, then the daily, and finally the monthly. You’ll see why …
Today we’re talking about Tesla. Tesla is trading around the 212.45 area. It’s been a very aggressive move from the recent low, but considering the market was down 2% last week, Tesla had to swim against the grain and be like a salmon and swim …
New video dropping tomorrow. I wanted to do one on that incredible move Tesla stock had breaking through upper resistance again to basically end the day close to the highs. It’s definitely a run up going into Tesla Investor Day scheduled for March 1st. I expect the run to continue this time barring the market. It seems some of the hype could be surrounded by a low cost Tesla that would be affordable to the masses. Only a few days more to find out what the hype is all about.
In this video, I’m going to quickly talk about my concerns regarding Tesla’s stock. In my last video, I mentioned something that was really bothering me about Tesla, and I wanted to cover it in this video. I’m going to focus on the weekly chart, …
Today we’re going to talk about Tesla and the market. Yesterday was a fairly interesting day, but the Dow, NASDAQ, and S&P, for the most part, closed flat. Today’s action is going to be sparked by Nvidia, which is up 10% in the after-hours, but …
Today was a difficult day in the market. Especially around Tesla (TSLA) stock. If you haven’t heard yet, Tesla’s CEO Elon Musk was on a Twitter rampage today. It all started around 1130am when Elon made a tweet that said that said “Tesla stock price is too high imo”. Once that tweet hit the wires, Tesla stock cratered around 70 points after already being down 20 points for the day.
Is guy crazy? Some may say yes, but this is not a blog about Mr. Musk. This is a post about how that tweet tanked the stock price and at the same time tanked my P/L. Over the past 2 days I have lost close to 4 figures on $tsla stock. Once Tesla reported earnings, the stock immediately popped up to a price of around 869. With hindsight being 20/20, that was the time to sell and sell hard. Buying a single put at that time would of netted you at least 10k. The stock reached a temporary low today of 683 today. In my opinion, I feel it’s going lower. But thats neither here or there. I’m out a lot of money as this is easily on of my largest loses in a while. I think my second largest lost is in Tesla as well. I have recently made a boat load of money in the stock. I think that’s what got me comfortable being in the trade and trying to nurse it while I’m losing thousands. Being wrong is one thing, but staying wrong is the problem. I was the problem.
Instead of just selling this stock, I tried to nurse it for a small lose. Once Elon Musk tweeted, it was all over. I was left holding the bag.
I won’t go on and on writing about what happened on this post because all that’s written here is in the video.
So please enjoy it and hit me up if you have any questions or if you simply want to console me for my losses. Remember, I’m on Instagram and Twitter @dretrades
Even thought the world is closed, is it possible for Tesla and Nvida to reach all time highs? Well, I don’t know about that, but what I do know is that both stocks are about to break out their recent consolidation areas in the 4hr …
I got burned by Tesla. No, not the car but the stock; $TSLA. If you follow my you know I’m all about stocks. Well for now I am. I am about photography, trucking, stocks, and maybe a little of talking smack. I really mean the …