1Semana·

Sold Tesla

What do u guys think smart move ? bought all of them at 252€

Now got some change + my Earnings From Tesla u guys got some ideas what to buy now ?

29.08

Tesla

Vendido x4 em € 293,95

€ 1.175,80

16,23%

18 Comentários

TotallyLost@TotallyLost

1Semana

It's a sensible decision.
A wise decision would have been not to buy it in the first place. 😅

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Blue2929@Blue2929

1Semana

@TotallyLost i Know what u mean but i only buy low en sell high on this stock dit this 3 times in the pas half year with good earnings so i have a little trust in $TSLA

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Ph1l1pp@Ph1l1pp

1Semana

@TotallyLost man you’re so stupid. You’re neither investing in a founder nor in the morals (if you’re not aligned with them). You’re buying it with the intention of making money.

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TotallyLost@TotallyLost

1Semana

@Ph1l1pp It is very rude to call someone stupid out of the blue.

I know, of course, that you invest to make money, but I doubt that the investment offers a reasonable prospect of profit. 🖕

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Ph1l1pp@Ph1l1pp

1Semana

@TotallyLost the author clearly made a profit from Tesla and furthermore I’d even argue that Tesla is one of the, if not the best, stock to swing trade after corrections

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Soprano@Soprano

1Semana

@TotallyLost You're just unironically talking nonsense, whoever makes a profit is right.

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TotallyLost@TotallyLost

1Semana

@Soprano I can easily disprove that this is not the case.

If you go to the casino and you win, then you weren't right, you were lucky.
The right decision would have been not to play, the expected value was negative.

And since shares behave randomly in the short term and there are transaction costs, the expected value is also negative. 😘

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Soprano@Soprano

1Semana

@TotallyLost First of all, the stock market is not a casino and I think you are wrong here with this savings book mentality.

And secondly, it's more important to be right than to be right anyway. I do understand the mathematical approach, don't worry, but even if he just thought he knew the lottery numbers and then really did pick the right lottery numbers, he would still be a millionaire.

In retrospect, making a bet that you win is always smart, no matter how high the odds were.

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TotallyLost@TotallyLost

1Semana

@Soprano You are describing the hindsight bias.
And this is a well-researched error in thinking.

In retrospect, it was ONLY void because you knew the result.
At the time you decided to play the lottery, you didn't know it, you only knew the odds.

And the fact that the stock market is not a casino is only true in the long term; in the short term, price developments are indistinguishable from random numbers.
This has nothing to do with a savings book mentality, it's simply the "random walk theory".

If that were not the case, you could tell me whether $TSLA
tomorrow
in one week
Two weeks from now
Or
in a month

Higher or lower than today.
Can you reliably say that for any asset?

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Soprano@Soprano

1Semana

@TotallyLost I understand the mathematical point of view, but it's actually more of a philosophical problem here. I think it's better to be right for the wrong reasons than to be wrong for the right reasons.

Of course, nobody can predict the stock market. Or rather, you are already retreating to the empirically general position that you can't predict any assets at all.

That is also correct so far. However, your basic assumption was that it was specifically wrong to buy Tesla - not that it is generally wrong to buy assets.

"A wise decision would have been not to buy it in the first place. " - the question is why? It paid off after all. And that's because there are more people who are convinced of the share than people who doubt it.

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Ph1l1pp@Ph1l1pp

1Semana

@Soprano Exactly. Unfortunately, some people are unable to recognize the truth beyond their ideological motives...

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Peter G.@Sontoshi_Nakagoku

1Semana

a book about smart investing

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David@davidk3112

1Semana

It will go to 420,69€

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Brandon90@Brandon90

Next step 450 € 🚀

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Blue2929@Blue2929

1Semana

@TotallyLost Bro the Thing is we all know elon is crazy there u have a big point , But if u check the chart u see a avreage price en u know when the stock is valuet right its not a gambale situetion its just thinking strait if the stock is not up 15% in a month u keep it and wait till the next $TSLA is a big company end wont drop out of nothing (End if it drops just buy more end wait)

(Dit this 3 times in the past months with $TSLA stock all with earnings between the 15 - 20 %)

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TotallyLost@TotallyLost

1Semana

@portfolio_maestro_2634 I don't think I got my point across very well.
Just because there are lines on a chart doesn't mean you can derive anything meaningful from them in the short term.

>70% of all traders lose money.

The question is how many of the <30% are skilled and how many are just lucky.
You can only tell after about 200 trades.

It's a zero-sum game where a few win big and many lose.

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K@TechNav

Very good decision

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Nom@user28461

Never bet against Elon.

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