Originally Posted by Hog's Gone Fishin:
Question: How long would it take to make 201 trades that avg a 3.5% return ?
There's tons of stocks that are volatile enough for a 3.5% return during the coarse of a week if not a day.
For example TSLA just today opened at $897 .If you set a buy order at a 1% discount you could have picked it up at $888 and then set yourself up a standing sell order with a 3.5% swing at $919 and accomplished your goal.
As of right now the TSLA high /Low today is $881-$932 Thats actually a 5.7% swing today.
So my thinking is if you can make 201 trades and AVERAGE 3.5% assuming some will be less and some will be more , it will turn $1000 in to $1,000,000.
This sounds too easy. What am I missing other than stocks don't always go up. LOL
Could this be done in 3 years ?
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. [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.
Out of curiosity, has he compared his own results to what it would have been like buying and holding in the same time period? It's not like it's been hard to make money off of TSLA these past few years. [Reply]
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 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]
