Besides the sale of the trading shares I bought last night at 1645, sold for 1675, these were the trades I did today:



Think about it...I didn't even ENTER a trade until TSLA was down something like 130 points from its high, and exactly 100 points from where I had sold shares, and STILL it kept dropping.

On each trade if I had held a little longer, I would have made a fair amount more. However, if I had held a LOT longer lol the bottom would have dropped out and I would have been stuck, having to average in more shares or...just plain be stuck. It's mind boggling to think that the first trade, if held a few more minutes would have made 15 grand more, but if held, say, thirty minutes more, would have been looking at a severe LOSS, in the range of ten grand loss, versus what happened, a $2500. profit.

And if I had bought in at that first trade's level, at 1575, and then just WALKED AWAY until market's close, that trade would have ended up a thirty some grand loser instead of a $2500. winner.

Also note the second trade. In at 1551, I entered the sell at 1554 initially, but gave up and let it go for just a half point when the drop dropped all the way to the 1520s before recovering. I felt lucky that it came back at all to 1551.5 to let me out of the trade. Book close to a million worth of a stock to make two hundred and fifty bucks? Yes, that's the life of a scalp trader.

Still, in all I booked $4750. today going LONG on a day when TSLA dropped nearly two hundred points from its high. If you're nimble, many times you will cheat yourself out of a bigger profit, but you will also save yourself the possibility of a big loss or really, in most all cases, any loss. If you may win going long on a day like today, it's hard to imagine losing ever.

Still, let's say that TSLA goes to 1800 next week. Then all this hard work to book about five grand will look silly compared to a $125,000. win. But who holds through a severe loss just to get to a win? Not traders.

Now with my LONG TERM TSLA shares, I had to endure some initial loss, and even looking at it returning to the 180s after nearly doubling, but once I was at a triple, I never looked back.

My advice then to long term investors: keep a casual eye on the prices, but just hang in there and if anything, ADD to your shares when the price drops.

For traders: do what I do. It has worked well for years. Let's keep in mind too, that trading is sometimes what we do for the thrill of it. In my case I book a profit close to 100% of the time, so it's both fun and profitable, but there are many traders out there who lose, and still keep at it. THAT, I cannot fathom. What's the fun in losing? I'd no more stock trade if I lost at it, than I'd return to a casino if I lost at gambling.