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I saw a chart on it somewhere showing depletion (can't find it). Reality is we are only adding 5-10 rigs a week in the US right now. And this could have been just one guy's statement, but when you hear that oil producers won't take Biden's call, it adds up. Not wanting to make this a...

This is not bullish news. Queen Cathie says the money is in self driving for TSLA. And look at the quality ranking. https://www.pbs.org/newshour/economy/ntsb-chair-wants-tesla-to-limit-where-autopilot-can-operate...

WTF is up with TSLA. The news isn't that good and the government is clamping down on self driving.

GME and AMC. But yeah, it doesn't follow much logic.

Was at a get-together this weekend and ran into someone I know who drills for a living. No one is opening up new drill sites under Biden. It costs 70k to put in a new rig. Under Biden, EPA has increased fines to the point that no one wants to open up new drillsites. I asked him what it would...

Trading TSLA is not real fun right now. I need to be on something else.

Reality is, you could have shorted TSLA and made 18 a share today. I just wouldn't hold it overnight, and I'd stop it out. It's so volatile right now that the correct stop is 2%.

Want to talk about something even more dangerous, if you did a pairs trade on PYPL/PINS, you were absolutely crushed. That's what a lot of people did. Pairs trade is a great way to make money, but if it goes the wrong way, its double pain.

Yeah, that's the danger of shorting a swing trade. You can get crushed on news and cant close out.

I'll be in CLF and Nucor for the next year.

I was asking myself the same thing this AM. Tesla has enough volatility that you can make 1% in 15 minutes. I guess I could go back to the QQQ or SPY, but that sometimes takes all morning. I've traded TSLA for months, but its acting especially weird before and after earnings. It probably is...

TSLA sells like 1.5% of new vehicles worldwide and represents 35% the market cap of the entire industry. Makes sense.

I ended down about 278 today paper trading TSLA. It's my fault, I jumped in a window that was a little bit too short, shorted it, and then people jumped on it and pushed it from 902 to 911. So one bad trade was in there for -840 on that short. I was thinking I could get away with it because...

Is that a meme stock? I don't know how people touch those.

Still trading it right now, was doing well until my last trade. Trying to close my short and get done for the week. I'm paper trading TSLA today, opened my last short position at 902. TSLA now has a market cap of 35% of the total auto industry. Ugh.

Trading TSLA is not real fun right now

Interesting to see Canuccord Genuity say that everyone is so worried about inflation, that it will discount quicker. Everyone is so pessimistic already.

https://www.yahoo.com/entertainment/snap-stock-craters-23-q3-210553950.html Apple privacy changes have brought down FB and GOOGL also.

under 220 in 2 weeks

They are hammering the shit out of it. Kinda wondering why I didn't sell the rest.

I was in AMD when they shorted it down for six months' straight, after Xilinx. They pushed it down dang near 25%, it was a slow bleed for six months. Anyway, PYPL is actually lower than where I sold it. Regardless, I think there's better ways to be spending my money. So position is cut in...

Added some SBUX and AMAT on a trade

Closing out of CCI with a 12.5% gain. Guidance was only for 5% sales growth, and it benefitted from lower interest rates. A little too conservative for me. https://finance.yahoo.com/news/crown-castle-cci-tops-q3-214509325.html

Cutting my position in paypal by half. The traders are just going to short it and go long on PINS until the deal is closed. The deal isn't seen as a great one, either. https://www.fool.com/investing/2021/10/20/why-paypal-investors-got-nervous-on-wednesday/

Traded TSLA a bit, but I'm out. A little over 1k profit in an hour on a 100k trade (held it from last night). You fuckers are crazy, pushing it to 900. Starting to feel like trading around earnings is like trading a slot machine. Yesterday, the stock kept jumping up and down $20 a share in a...

Jeez, my shares in Paypal have been destroyed. Thinking of selling, been a long term hold. Bears will short it down until oblivion.

I thought the Chinese disappeared him?

https://finance.yahoo.com/news/1-united-airlines-posts-smaller-205716642.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAAl1M05Z-FW9Vxl2GKeYDdWZAiOLsHCFh557ikblv6_Ysuf3SCmIjX0GWzcpURwBdgYgghYG0ehamoQefwSCRaXAPq_GDklnbUkY-j2s3ciuhKdALN_sqxD1HMlikNR2ZbnA-xOJCh...

https://qz.com/india/2068834/highly-vaccinated-singapore-sees-rising-covid-cases/ I think this is the number to pay attention to: "Most new cases of Covid-19—over 98%—have been either mild or asymptomatic, according to Singapore’s health ministry. The death rate over the last 28 days stands at...

I don't know how to take the data. Covid deaths in the UK haven't gone up. Israel keeps jabbing everyone and isn't seeing much covid at all. https://www.haaretz.com/israel-news/covid-in-israel-new-daily-cases-hit-three-month-low-1.10301325

I mean, he's giving it away for free on the newsletter now. No reason to pay. He's got it right there in the disclaimer, he no longer has anything to do with action alerts. How about they refund people that reupped for a year?

And they have sold off a lot of his names he'd been in for a long time. Its a bit jarring.

Getting out of my TSLA short with a small gain. They probably will push it to over 900. It was 100 shares, so 86k short and not 10x that.

https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-americans-own-a-record-89percent-of-all-us-stocks.html The wealthiest 10% of Americans now own 89% of all U.S. stocks, a record high that highlights the stock market’s role in increasing wealth inequality. The top 1% gained over $6.5...

LOL

Its a paper trade, so we'll see. I don't think the company is worth 300 a share. These fuckers are crazy. How much longer can the market stay irrational? I'm experimenting, so I don't count it against my tally.

I just opened up a paper trade shorting 1M of TSLA at 860.7. We'll see how it goes, but its just paper, and I'm thinking they won't push it much higher.

Pay attention to what Blazin said. People lose so much money because they don't like the administration. I remember people selling everything they had with Obama and losing a ton when things got back to normal. The business I bought, I got a a 20% discount because the seller was a...

I definitely learned a lot from this trade. I got so focused on one factor (covid) and completely ignored another (oil and gas). I didn't stop it out, I never stop out my swing trades. I think we'll get a break in gas and oil here pretty soon. I put a trailing stop on my oil trades, because...

Nice to see my swing trades on the airlines come back, as Biden is opening up international travel on 11-8, covid is dropping, and UAL just opened up the largest amount of international routes in history. I knew this would be a choppy trade, but wasn't expecting it to be this bad.