Sirfun
Well-known member
- First Name
- Joe
- Joined
- Dec 28, 2019
- Threads
- 55
- Messages
- 2,389
- Reaction score
- 4,876
- Location
- Oxnard, California
- Vehicles
- Toyota Avalon, Chrysler Pacifica PHEV, Ford E-250
- Occupation
- Retired Sheet Metal Worker
- Thread starter
- #17
That would be correct. I've missed a couple of big jumps upward. And that feels painful. But then I also missed most of the big drops down on the Rollercoaster too. I also agree, I've never played with more than half of my account. Usually it's only about 33%. And I have sold for, as much of a loss as $10 per share, and sold at even money. I try to not hold shares over the weekends, and have been fairly lucky and grabbed a couple of good profits. This all started in late January. I sold everything (including tons of shares in ARKG that were down) for various reasons. Yes, right after I sold, it went up and that was painful to watch. But, eventually market forces pushed it back down. I didn't want all my cash just sitting there doing nothing, so in late February I started dabbling in catching some small profits and limiting the loses (in TSLA). Fortunately it has worked out alright, and I have been able to earn about 20% profit on the money I invested. This was while TSLA went from $842 in February to the Friday closing price of $650.28.No, it's pretty simple.
With a volatile stock like TSLA, you set a budget, then set a call you buy at a low, and then another to sell at a high that covers your costs of the transaction.
Then when/if it pays off, you do it again. Slow, steady, but you lose out on big jumps.
Only do it with entertainment money, tho, since it's not a steady investment like holding.
-Crissa
I'm just a retired 66 yr. old guy who has a lot of free time, sitting around my computer. There's always risks, and this is definitely not for everyone. But that's my story, and I'm sticking to it.
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