Originally Posted by Hog's Gone Fishin:
Shorting should be out right illegal and people that short stocks should be shot in the face.
I kind of wonder how much of the money in the "stock market" is really money that's invested in companies based on earnings and potential, and how much is gambling based on guessing investor psychology and market directions. All short selling is gambling, and I think all options are gambling. And I think a fair amount of stock volume is gambling. I'm not really a fan of that, recognizing that I've done a little bit of it myself over time. [Reply]
Originally Posted by chiefforlife:
I have a buddy that has done this with Tesla for a few years. He has made a ton of money doing it, Im sure he isnt the only one.
Its an expensive stock and risky if you ask me. He will spend about 40 thousand each time, then sell when it inevitably goes back up. So far, it always does.
My problem is thats its way over valued and my luck, everyone figures that out as soon as I buy it.
Tesla has been a swingers dream. I've got some bought right now at 915 with a standing sell order at 980 targeting a 7% gain.
I'm playing around watching RSI levels to see how they work out as buy/sell points. RSI was 41 at 915. I believe it got down to around 890 the day I bought it but I wasn't able to keep an eye on it and had just loaded my buy order and went on about my day. At 890 though ,RSI hit about 32 [Reply]
Originally Posted by Hog's Gone Fishin:
Tesla has been a swingers dream. I've got some bought right now at 915 with a standing sell order at 980 targeting a 7% gain.
It's also been a buy and holder's dream. Even with some fallback recently, I'm still up 700+ percent in 6 years. [Reply]
Originally Posted by ChiliConCarnage:
That Rivian listed and went to 100 billion marketcap. It's heading back down a bit.
I watched a video review of the truck and it does seem really nice. I like the fleet Management components built into fleetOS.
I just noticed this in the $50's. Wow, the hype didn't last long. It listed Nov. 10 around $100 went up to $175 a share and came back down quick. That's a heck of a roller coaster ride in less than 4 months. [Reply]
It seems like we have a lot of violently volatile days over the past couple of years. Pre-2020 a 1 percent change seemed kind of strong. Now it seems like 2 percent changes are not uncommon at all. I kind of wish things would settle down a little. I'm hoping this isn't the new reality. [Reply]
Originally Posted by Rain Man:
It seems like we have a lot of violently volatile days over the past couple of years. Pre-2020 a 1 percent change seemed kind of strong. Now it seems like 2 percent changes are not uncommon at all. I kind of wish things would settle down a little. I'm hoping this isn't the new reality.
My hypothesis would be a lot more people day trading, so you get more knee-jerk reactions. [Reply]
Originally Posted by DaFace:
My hypothesis would be a lot more people day trading, so you get more knee-jerk reactions.
That and I think savvy investors with the uncertainty have moved stops up. So some stops get ran and it can make for a big day. Then guys think it's a buy opportunity and boom volatility. [Reply]
Originally Posted by DaFace:
My hypothesis would be a lot more people day trading, so you get more knee-jerk reactions.
Originally Posted by Buehler445:
That and I think savvy investors with the uncertainty have moved stops up. So some stops get ran and it can make for a big day. Then guys think it's a buy opportunity and boom volatility.
I also think we may have more variables in society. The covid stuff caused all sorts of discontinuities, of course, and it was unprecedented in economic impact. Now we add inflation, which probably hasn't been seen by 90 percent of traders, and people are lurching around trying to figure stuff out (just like I am). [Reply]
