TSLA Will never buy a Tesla; mainly because they've been selling the green energy credits from every car they sell to other companies to allow them to pollute more. So it doesn't matter to me whether Elon stays or goes. Their models are aging, build quality sucks, batteries catch fire, and insurance with a good driving record here in Florida starts at 4K for the lower models and $5,000/yr. for the higher ones. For high risk drivers that price doubles.
Any country that opens its markets to low- or no-tariff BYD vehicles, like the EU is currently negotiating, will see BYD completely wipe Tesla out of those markets. Tesla won’t stand a chance as BYD dominates with its drastically lower prices, vast array of models from subcompacts to SUVs, safer and more durable Blade Batteries, advanced automation included at no extra fees, versatile plug-in hybrid options, superior ranges like the Seal’s 354 miles, more liked premium-feeling interiors, rapid charging up to 250 miles in 5 minutes, and cobalt-free batteries that crush Tesla’s environmental claims.
SPY lurked here for 45 days or so - I have a daughter graduating UNC in the spring. Buying her a Rolex for graduation. Started an account with 1K to pay for it. Just for fun. Anyway, up to $5k, and hoping to double that.I really enjoy the banter and insights. Some good callouts too. Several of you are legend status in my mind. Anyway I was in calls and doubled down 3 times and that wick about 10 minutes ago hit my daily goal. Still learning but thought I would say thanks.
December's stats for my account, and I hope some new traders can benefit from seeing it. 31% account net gain. 49% gross gain with 18% loss. I'd encourage other experienced traders to share their performance in the comments if they want(don't make it a pp measuring contest), just so new traders can get an idea of realistic expectancy.
If someone is shooting for 100%+ in a month(Some months like this past November do perform that well but it is not very often), one day it is going to come crashing down as 90-100% loss(Many have lived this reality before becoming profitable). A 31% account gain in one month is amazing. If that doesn't sound amazing to someone, their account is simply too small for their expected gains.
90% of traders lose because 90% of traders start under-capitalized and expect to make the profits of a $100k+ account on a $5k or less account. Someone with a $100k+ account can afford to lose 1K 5 times in a row, and it doesn't matter for their equity curve long-term at all. What happens when you lose 1K 5 times in a row on a $5k account? You have lost 100% and can no longer trade.
Losing as a trader is largely due to unrealistic expectations. I caught the down moves from 99k to 91k, 101k to 92k, 96k to 91.5k as major trades of the month with a few scalp longs that didn't matter too much, and a short opened that will now be closed win or lose in Jan. Could I have gambled and made 1000% across those 3 trades? No because being over-leveraged and over-sized actually would have seen me liquidated and losing 90-100% instead of having account growth on the month.
TLDR; You want consistent, sustainable gains to be profitable over the long-term. If you get rich quick, you're going to go broke(to 0) even faster. If you don't think it will happen to you, ask the over-leveraged traders with stop losses that got ignored(why a flash crash happens), and they got liquidated for 100% losses on December 5.
ETHUSD We're simply retesting the upper limit of the symmetrical triangle pattern before going for a new ATH. As long as big brother behaves today, we might get another shot at above 4K today.
BTCUSD Bitcoin down $10k in 3 hours. Already back up 4K in 4 minutes lol. Volatility city! Liquidating leveraged longs and shorts is fun for the whales.
TSLA Will never buy a Tesla; mainly because they've been selling the green energy credits from every car they sell to other companies to allow them to pollute more. So it doesn't matter to me whether Elon stays or goes. Their models are aging, build quality sucks, batteries catch fire, and insurance with a good driving record here in Florida starts at 
4K for the lower models and $5,000/yr. for the higher ones. For high risk drivers that price doubles. 
