Stock Trading -or- ReconSWS's Bane

[Axel]

Last one, actually forever.

Bull. Shit.
😆

[ReconSWS]

The stock market crashes MONDAY calling it right now, right after I vowed to never play again. Or not, why would it not just keep on truckin'. Gotta find something to keep me entertained.

[Magmoormaster]

Dogecoin is past $.25. I bought 1000 for ~$.03-04 each a couple months ago. I'm currently up about 560% lol

[ReconSWS]

Elon done pumped it good! Nice gainz

[Axel]

I starting buying in December in an attempt to learn about crypto by doing. Picked DOGE because I could buy nice round blocks on Robinhood for a few dollars. What a wild ride I bought for my $39.96

[ReconSWS]

Okay I gambled my stimmy I mean if -redacted- gonna keep claiming we in a catastrophe I want to see the market say we are.. and crash to levels pre-redacted levels lmao. Right now, if the market is in denial, then I am in denial, simple as that. Keep sending me them -redacted- I'll keep fucking buying puts, as insurance against global economic collapse which would hurt my entrepreneurial effort, and expense all of this shit next year on my -redacted- returns lmao.

I made 200 bucks on 0dte TSLA puts in like 30 minutes, and then put it all on SPSX calls and TLSA puts for May 22.

It's a fair price to pay for insurance, with free stim money. (Though I slave over my reconslide moneys so that all goes to the iiterator fund for creativity and design a role play corporate entity I made to help me manage accounts and not go bankrupt lmao).

[ReconSWS]

If I ever get out of this 'sunk cost' hole, or at least get one good win, then I really really want to go back to playing small 0dte, it is so fucking fun. I.e. set a max budget and just do the intraday tops and bottoms. I seem to be good at calling those 'on the days when the market actually decides to do something lmao' I seem to be extremely bad at any sort of longer term strategies so might as well quit those and just play for fun not for money. But we'll see I'll probably be bust come monday I mean spy is going to 500.. it's literally called the S&P 500 , why wouldnt it go to 500?

[bellicose]

I've gone and sold my stock in Tesla, kind of over that. Now to find something else. I am kicking myself for selling off my Doge at $.06 right now. Could of had a little more play money. Instead, GoPro is just kind of meh.

[gabe]

Yeah, Tesla has lost some of it's shine and I'm thinking about trimming that position as well. Not sure if that was just last year's meme stock or if it still has some run left in it. The valuation is definitely stretched.

[sniper97]

75% of Tesla's income is from selling energy credits to other car manufacturers. Other car companies are building their own battery cars, this portion of their income will continue to decline while other car manufacturers look to take mkt share.

[Siress]

I'm not doubting you, but you would you provide your sources for this information?

[sniper97]

ReconSWS. Are you actually making money with your trades? What do your returns look like? YTD, 1. 3 and 5 yrs? It seems more like an addiction vs investing.

[ReconSWS]

I just want the entire global economy to collapse so I can make $50 on my puts, you tell me LOL

Very negative, but I've cycled a tonne of cash through trades If we look at global totals so relatively speaking to unrealized statistics, it's whatever. One nice options win will get me back into a playing state as I've been fucking limp dick mode for the last 2 years playing on 'fumes'

I used to be an investor in 2016 now I'm just a degenerate bear.

[ReconSWS]

Best rate of return using shares was 60% overall (holding some meme weed stocks that gained 1200% but was spread too thin and didn't sell).

Best rate of return using options was like 800%+ ... but the problem is I'd win and instantly replay the full amount.

My current short term ROI is literally no joke -101% since my tfsa will be taxxing me 1% on overcontributions lmao and it is a total loss xD

[sniper97]

https://www.greencarreports.com/news/1132162_stellantis-won-t-need-tesla-emissions-credits-ev-maker-set-to-lose-hundreds-of-millions

[sniper97]

Tesla made $518 million selling emissions credits in the last quarter, while reporting a net profit of $438 million.

From the article, there are several others out there, not sure of the exact one I saw, I read alot. Another fun fact is that Salesforce (CRM) make most of their income when start ups they invest in are sold off, about 75% last yr. Do your research.

[Siress]

Well, gents... here's a 'but that's not sound advice' experience.

I've been looking at real estate recently for a new primary residence. Made the decision to move, just haven't picked one yet. Opted not to liquidate the shares that I intend to put toward the down payment until the last minute and kept them in a high-risk fund (VFWAX). It worked out very well; made an additional ~6%. Sadly, the real estate market out paced that...but still.

[sniper97]

https://www.cnbc.com/2020/07/23/teslas-sale-of-environmental-credits-help-drive-to-profitability.html

[sniper97]

I think the article read compared the net income to the energy credits. Congrats on the house purchase.

[Siress]

75% of Tesla's income is from selling energy credits to other car manufacturers. Other car companies are building their own battery cars, this portion of their income will continue to decline while other car manufacturers look to take mkt share.

https://www.cnbc.com/2020/07/23/tesl...itability.html

Per your source, very first line: "Tesla revenue hit $6.04 billion during the second quarter of 2020, with about 7% of that, or $428 million, coming from sales of regulatory credits."

7%, not 75%. Or did I misunderstand your posts?

Even in your first link, "The company made about $1.6 billion selling emissions credits globally in 2020 [of 31.5 billion], so the EU-related revenue is just a fraction." There, 7.5% globally in 2020.

Disclaimer: I think Tesla has been dramatically over-valued for as long as it's been a household name. I own none and have no interest in owning it. It's volatile and 100% dependent on Musk's public image.

[sniper97]

Per your source, very first line: "Tesla revenue hit $6.04 billion during the second quarter of 2020, with about 7% of that, or $428 million, coming from sales of regulatory credits."

7%, not 75%. Or did I misunderstand your posts?

Even in your first link, "The company made about $1.6 billion selling emissions credits globally in 2020 [of 31.5 billion], so the EU-related revenue is just a fraction." There, 7.5% globally in 2020.

Disclaimer: I think Tesla has been dramatically over-valued for as long as it's been a household name. I own none and have no interest in owning it. It's volatile and 100% dependent on Musk's public image.

My data was from a different article, from the article, you are comparing gross income vs net, actually in the article, the energy credit was greater than their net income. Without the energy credit, they would have a quarterly loss. Dice the numbers how you want. I am also sure this chances each quarter.

[ReconSWS]

Is the stonks market crashing yet?

[ReconSWS]

June 18 SPXS 30c x10
July 18 SPXS 30c x10

Small insurance for collapse bought friday with stimmy.

[ReconSWS]

The theory behind "insurance puts" a term I probably invented is that should the market collapse begin, it will not be a 1-day affair, although it may. It will likely extend up to 1 month. The insurance is to get paid on the initial drop, so you have money to play the rest of the drops. It's a stupid ass plan but dang if this ain't a bubble then what the shit we actually probably have contact with aliens and are shipping goods off world for enormous gains to justify these market valuations xD