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Losing money waiting for a correction

So i am a big fan of Tesla. I have lost and made a good amount on this stock and keep an eye on it. In my test account i bought $1,000 x 5 on 19.8/20 which yesterday was $2,500+. A lot of people are losing money while waiting for a correction. This is how this idiot approaches it.

In real life i was holding on monday $2,000 * 5 and sold too early but i made $750 across two accounts. I sold when it was 5% up. Then it went up 12%, damn it. I was out and watching, it dropped -5% next day, then Wednesday it crashed 18%, i bought back in at -15% and nearly died of fear (-$400) and got more at -18%, this took guts but i saw it starting to go back up. It went back to -7% around 447, and i made $500, and reversed my loss.

Now it’s ready to open and i think it will go up, but i am not holding it. as i sell at night before close.,because i don’t like this after market shit. So i am an idiot but i have made more than $1,000 in a week from Tesla. Yes it’s over priced, yes a correction is coming but day traders should be safe (ish) . With Tesla people ask the wrong questions, should i buy, hell yes, when it’s 18% down, Tesla is not a bubble. they will still be here and making money in ten years. Do you think with our current move to EV they will sell less in the coming years? they also sell awesome power walls, solar cells, solar tiles.

People buy on news and this is what Tesla has coming.

  • Joining S &P
  • Batteries day (sept 22)
  • Selling $5b in stock, nice of them not to issue new stock but sell existing and help us.
  • every quarter they make money
  • they are winning the race to driverless
  • they have an exclusive deal with sun run

If you are a day trader, you’d be mad not to watch this stock and buy and sell it. If it drops be willing to take a hit and make it back. On weds i bought at -10% it fell more, i sold fast and ate $-120 loss but bought at the real bottom of -18%. A stock that moves 10% in a day is what we love.

  • Julius is a crazy day trader and often has Tesla positions.
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