Started By
Message

re: Has the recent influx of day traders made the market even more unstable?

Posted on 7/13/20 at 12:13 pm to
Posted by cgrand
HAMMOND
Member since Oct 2009
38639 posts
Posted on 7/13/20 at 12:13 pm to
almost 40K robinhood accounts added TSLA, just today (4hrs).

This post was edited on 7/13/20 at 12:14 pm
Posted by Mr Perfect
Member since Mar 2010
17836 posts
Posted on 7/13/20 at 12:16 pm to
nope. not going to be humble when ppl call me clueless and make fun of my shares. no thanks on that

also not going to learn anything from old school investors. it's a completely different market and maybe one day you'll be the one learning from guys like me. cya
Posted by cgrand
HAMMOND
Member since Oct 2009
38639 posts
Posted on 7/13/20 at 12:20 pm to
ok man, teach me something.
besides buying fractional shares of the hottest stock in the market, i mean.
Posted by Salamander_Wilson
Member since Jul 2015
7668 posts
Posted on 7/13/20 at 12:26 pm to
It is one of life’s great joys watching self-important braggarts eventually get humbled.
Posted by LSURussian
Member since Feb 2005
126951 posts
Posted on 7/13/20 at 1:05 pm to
quote:

Both of your shares???


Savage.
I was just going by what he posted last week.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11069 posts
Posted on 7/13/20 at 1:27 pm to
Tesla just shed $300 in seconds. Who wants to hold a name like that?
This post was edited on 7/13/20 at 1:28 pm
Posted by Decisions
Member since Mar 2015
1471 posts
Posted on 7/13/20 at 2:21 pm to
A part of me thinks he’s just trolling the shite out of this place, but if so it’s a good one.
Posted by lostinbr
Baton Rouge, LA
Member since Oct 2017
9292 posts
Posted on 7/13/20 at 2:28 pm to
I was 100% convinced he was trolling after the first 5 or so posts that I saw on this board.

Then I saw his posts on other boards, and now I don’t know what to think. If he’s trolling, he’s definitely committed to his shtick.
Posted by LSURussian
Member since Feb 2005
126951 posts
Posted on 7/13/20 at 3:58 pm to
quote:

3.25 shares now my guy.
If you increased your TSLA holdings by 50% this morning just before you posted the above by buying one more share it means you have between a $250 and $300 LOSS in that newest share as of now.

You're now UNstacking money...
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11069 posts
Posted on 7/13/20 at 4:34 pm to
quote:

also not going to learn anything from old school investors.


You are going to have a rough decade because the old school investors will be selling shares to cover retirement expenses. Valuation will always be mean reverting in any individual name in the long run. RIP.
Posted by Tigers4life
The great US of A
Member since May 2004
1865 posts
Posted on 7/13/20 at 4:46 pm to
quote:

So you have no idea what's happening with Tesla and yet you trade it? Got it. Should end well.


Learn charts then don't need fundamentals or news. Make money both ways.
Posted by Tigers4life
The great US of A
Member since May 2004
1865 posts
Posted on 7/13/20 at 4:51 pm to
quote:

retail day traders arent gonna move the needle on stocks


yep....learn how machines think. That's what moves stocks and how you make big gains all the time. Not just when we have historic runs.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11069 posts
Posted on 7/13/20 at 4:52 pm to
That is not a good chart are you kidding me? It looks like a perfect parabola. I trade with no directional bias in my active account but I don't play money games with a bunch of kids buying shares from Fidelity and T Rowe. The shares have inelastic demand which means price is completely divorced from reality. The shares could be worth $500000 tomorrow and it'd be no different.
Posted by Tigers4life
The great US of A
Member since May 2004
1865 posts
Posted on 7/13/20 at 5:12 pm to
I don't have an opinion on Tesla. Just an opinion on the necessity to follow a company in order make money trading it.
Posted by oklahogjr
Gold Membership
Member since Jan 2010
36748 posts
Posted on 7/13/20 at 7:33 pm to
Here's what people don't understand on Algo trading. Tyically the algorithms are spec'd to maximize out Leveraged returns.

So the big guys that go into it with 100k are really trading milions sometimes. Once they do enough to predict returns and are confident they can basically max out their credit and just hope nothing historic happens.

so then they turn to maximize leveraged returns while minimizing risk. You can then continue to optimize based on how you score it and prioritze the outcomes. This way they don't lose money.

It's amazing really how well they operate. I would love to build out a trading algorithm. i'm just not sure i have enough money to test it.

Posted by Mr Perfect
Member since Mar 2010
17836 posts
Posted on 7/15/20 at 11:09 am to
friends stop loss hit for me. very good gains and I'm out of tsla. cya $$
Posted by LSURussian
Member since Feb 2005
126951 posts
Posted on 7/15/20 at 11:51 am to
quote:

friends stop loss hit for me. very good gains and I'm out of tsla.
Are you going to admit you lost money on a third of your shares?

That means you lost money on one of the three shares you had.

Based on your post telling everyone you bought a third share on Monday, that means you bought it for around $1,700 and you sold this morning for around $1,500 I estimate you lost around $200 on that share.
Posted by cgrand
HAMMOND
Member since Oct 2009
38639 posts
Posted on 7/15/20 at 1:25 pm to
quote:

friends stop loss hit for me. very good gains and I'm out of tsla. cya $$

papa elon won't like that
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 7/15/20 at 1:37 pm to
quote:

If you can coherently explain why you think Tesla is going up we would love to hear it.


I know! I know! It's...

Posted by cgrand
HAMMOND
Member since Oct 2009
38639 posts
Posted on 7/15/20 at 1:57 pm to
quote:

friends stop loss hit for me

wait...
you got stopped out at 1450?
if i were you i wouldnt look to see what its trading at now
first pageprev pagePage 3 of 4Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram