Stock Trading -or- ReconSWS's Bane

[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

[ReconSWS]

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

Small insurance for collapse bought friday with stimmy.

[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]

Is the stonks market crashing yet?

[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.

[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]

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

[sniper97]

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

[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]

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.

[sniper97]

https://www.greencarreports.com/news...ds-of-millions

[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.

[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.

[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.