Daily Thoughts: What's crazier, Tesla's chart or the fact I am shorting it?

I have always stead away from day trading, except when it comes to Tesla.

I invested in it at $200 and sold parts up to $800 when I told myself I'd rebuy lower. Lower never came and I can bring myself to hold share long term.

But I have found opportunities to long and short(mostly short) on 1-5 day time scales, I have been fairly successful.

The large profit is from my long term trade, and since I have scalped some nice trades.

But now as you saw above I am in a big short. I think I have the nerve to hold another bump or two up, but I guess only time will tell.

My main reason for the price to fall is, I always listen to management, Musk 'Tesla stock price is too high imo'.

This was back in May when Tesla was $800 it is now trading at (pre split price) $2650. This is screaming for the company to sell shares and raise funds. Fund's they need if they are to build the 10's of factories they will need to compete with established car companies.

Talk me out of it if you can.

If you like these Daily Thoughts remember to give me a follow

You can also find me here

Twitter accounts
Gaming https://twitter.com/5boringgamesLP
Maths https://twitter.com/2ndMaths
Trading https://twitter.com/cryptotwi


Affiliate links

Brave browser, just like chrome except you get paid for the ads you see
https://brave.com/hqo109

Here are some trading sites I use, sign up and play around with them before you deposit money. Message me any questions and I'll be happy to help

Bitmex

Deribit

binance link

binance futures link

coinbase

bittrex link

bitfinex link

OKEX

Crypto.com

daily thoughts.png

Disclaimer

Please do not invest on the advice of a stranger on the internet, only use this advice here as a starting point for your own research, and then if you choose to invest please only invest an amount that you can afford to lose.

H2
H3
H4
3 columns
2 columns
1 column
Join the conversation now
Logo
Center