When Tesla was $103 I wish somebody asked if it was time to buy

I averaged down on it at that price.

I bought at 144 and watched it drop like a rock. Glad it's up

I did. I bought 10 shares…gonna retire early.

Was 2 seconds from buying an ATM call at 120. FML

Anyone selling?

It's been one hell of a dead cat bounce

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I shorted it at $173 on the way back up. I got out at $183. I am all for risk, but I do not have the stomach for rhat

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Not to add salt to the wound, but why not a short call spread if you were bearish? Just curious. Would have still taken a loss, but much less painful and with less risk (limited) than a straight short. Like I said, just a question, not a criticism.

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Lol did that person buy?

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Probably me and no I didn’t. I bought Recaf at $10.

Right. Thanks. I should have also added buying a put. More straightforward.

Well, I wouldn’t be one to laugh either way. Directional trades can go either way for all of us. But the key is to manage or limit the risk. I’m not one to straight short equities, mainly because it’s rather capital intensive vs. an options play, has unlimited risk (unless combined with some other strategy) and delivers lower potential returns on capital.

But thanks for the clarification.

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Not to add salt to the wound, but why not a short call spread if you were bearish? Just curious.

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It was a very short term technical trade on the upside. Once it got to $175, I shorted if it did not go down before getting to $183, I was getting out immediately. Given the short timeframe (2 days in this instance), and massive IV for TSLA, I just shorted and set a buy to cover at $183. Your strategy seems to be better suited for 30-45 day time frames. I would have only held that long if it remained below $175. I think your strategy also limited potential profit. This is a risk on market for me right now, including to the downside. I was going to lose either way with this trade, so ultimately I lost more with my strategy, but I was willing to risk that for more potential profit..

TSLA is just a momentum trade right now that I am not going to fight to prove I am right about margin shrinkage and competition. Ultimately, the market told me I am wrong (at least for now).