Member Info for Chiefchuma

Whilst it sounds like a great idea to play the intraday trading game at this moment in time due to a price rise from the stimulus package, I would say to the ones who bought in early at $0.005 to maybe see what happens as it will take another rise to around $880 to put me in the negative. My purchase of 3STS at that price has ensured I have yet to see a red figure (only FX IS RED) . if you purchased at a higher price and the stimulus has placed you in the negative then it may be worth intraday trading until you find stable ground. The stimulus will be swallowed up by meme stocks and I'll advised schemes on Reddit and other pump and dump stocks like Senvion SA. *Disclaimer: I am not a legal or financial professional, please seek financial advice from appropriate qualified persons all chat and discussion does not constitute financial or legal advice in anyway***Just in case the Tesla cult crew decide to get me when I blow. ;)

I posted something on Reddit about the Tesla cult and immediately my post was flagged, attacked and removed within minutes. I believe Elon has hired himself a very good secret marketing and brand protection team who will stop at nothing to drown the truth from surfacing through any platform on Earth. These guys are just nuts like the Yahoo crew from the early 2000s. Tesla will more than likely drop to around $88 -$200 as a more realistic but still over valued price. It's beyond rationality as to why they believe Elon, who has a history of fraud and stock market manipulation is a Messiah. https://www.sec.gov/news/press-release/2018-226
They are so hopelessly invested and believe the market will continue to rise forever. Surely they must see when the big institutional investors pull the rag, the stock will plummet

Re: Declare what...?

Exactly! I am of the same belief. Nothing to declare hence nothing to pay ;) Although you may have to explain away that new Yatch, the fancy cars and the extravagant mansion purchases. The good part to all these bubbles is that when the economy finally realigns with the market and dire times come, we can employ the Tesla cult bag holders to become our chimney sweepers.

How did Tesla perform this week? Largely negative I see. Every close in the minus? What happened? Production on pause? Competition catching up and overtaking? Did Messiah Elon run out of more market manipulative tricks in his bag of frauds? The end is in sight and nigh. Elon knows the bag holders will get liquidated into nothingness just like Bitcoin. Faith based valuations always have a problem when sentiments shift and people become realistic. It's never too late to switch sides and join the common sense movement. Cults come and go. If you join our common sense cult and become a short vulture, you can come to our launch pad where we will strap Elon onto one of his rockets and send him to Mars where he belongs. The weak are meat and the strong do eat!

Yes the old "easy buy, hard sell" phenomena. I have to say I have many colleagues including myself who struggle to sell at this point as anything could happen to Tesla. For the first few weeks from December, I was using 3sts only as an intraday tool, buying and selling through the dips but now it's hard to buy back in at a reasonable re-entry point without making a little bit of a loss as the price has largely finished in the negative this whole week. I have began to readjust and will probably let it ride and see what happens over the course. Tesla is beginning to wobble a lot now and the financial power houses like Cathy woods have began to scramble for the exit by reducing their total holdings. Tesla is now pretty much a gravy train on autopilot with mostly retail investors and speculation driving the price slowly down but once the sentiment shifts, the inevitable crash will happen.

The FX won't usually present a large negative until later down the line when Tesla dips to new lows. In the event that it does Dip to say $200, then the adjusted price in terms of FX could be in the tens of thousands but that would be easy to stomach as anyone holding more than 500k units would have made a few million but the scenario pointed out by someone earlier was that when there is a large drop in share price, the share is suspended and then when trading resumes it will be a matter of making a quick dash to close positions at a massive profit for those holding 3STS. Although I do not advocate that you do this but you could perhaps consider using FX and offset it later down the line as a loss against Capital gains tax (if you declare it) ;)

The main element to note about this EtF in particular is that it is a high risk inversely leveraged tool that should be monitored daily as if you had an actual CFD position against Tesla open. Intraday trading tools are usually for seasoned traders who use them for buy and selling through dips and as you can see lately Tesla has been a series of dips and recoveries daily.

GraniteShares 3x Short Tesla Daily ETP is a collateralised, Exchange-Traded Product (ETP). The ETP tracks, excluding fees and other adjustments, the performance of the Solactive Daily Leveraged 3x Short Tesla Inc Index that seeks to provide -3 times the daily performance of Tesla Inc shares.

For example, if Tesla Inc rises by 1% over a day, then the ETP will fall by 3%, excluding fees and other adjustments. However, if Tesla Inc falls by 1% over a day, then the ETP will rise by 3%, excluding fees and other adjustments. You will notice your own performance over time is determined by your initial entry point into the position plus taking into account the fees you incur, it may not reflect a profit for some time but as Tesla continue on the path of correction (hopefully) it may begin to reflect a more clear outlook. What price did you open your position and how much plus what platform did you purchase through?

The problem with most companies like Tesla is that they become victims of their own success and the need to appear successful and revolutionary becomes a growing need that must always be pursued. This is an emerging company that may turn sour and fail altogether if the valuation is not reigned in to realistic margins. Elon is drunk on power at the moment and the cult followers who are mainly inexperienced clueless millennials have much pain to feel and lessons to learn once the bubble bursts.

JepGambardella and harishkarunesh , this will be a spectacle to watch very soon.

In the wise words of Jeremy Grantham..."If you're looking for the very early warning signs of a bubble breaking, you find the stocks that have done the best. That's SPACs in particular and Tesla and bitcoin, and you wait until they start to have these big daily drops, then they recover, then drop again, and so on." This.is.pretty much reality. The past 2 days were just the dinner bells sounding for us shorts to eat. It was an appetizer of great meals to come.

In the wise words of Jeremy Grantham..."If you're looking for the very early warning signs of a bubble breaking, you find the stocks that have done the best. That's SPACs in particular and Tesla and bitcoin, and you wait until they start to have these big daily drops, then they recover, then drop again, and so on." This.is.pretty much reality. The past 2 days were just the dinner bells sounding for us shorts to eat. It was an appetizer of great meals to come.

The last to know is the victim holding the bag of sand. Enjoy ?? I'm not a financial advisor, I'm a cowboy so please don't take my word for it but rumours in the air seem to say Tesla is finished and will soon be eating humble pie under GM's boots. Besides.... GM does need a bootlicker.

Many thanks for the wise and insightful message. I did go long on 3STS at around $888 which was a few weeks back. It's been a great ride and we are not even half way down yet. Let's ride!!! Hats off to those who made a profit either way. Wins and losses are part of the game. Let's have fun and remember to spread out portfolios wide and limit risk.

Keep lying to the sheep bb143. Maybe you really are a Tesla bot and bb143 really stands for Beep Boop 143 hahaha let it crash and burn into market correction levels $88 is the new price target for Tesla.

Keep lying to the sheep bb143. Maybe you really are a Tesla bot and bb143 really stands for Beep Boop 143 hahaha let it crash and burn into market correction levels $88 is the new price target for Tesla.

Scottish mortgages knew it was time to cash in and jump ship before the lemmings follow along. Most of the insider traders including Elon and his brother cashed out silently. Elon even invested some of his free cash into bitcoin and made himself wealthy from the ignorance of millennials and inexperienced ameteur investors who follow the Tesla crowd.

It appears the dinner bells have rang early boys. Lets get our bibs on and eat. I can smell the early signs of putrid flesh from below that giant Tesla cliff where the sheep have fallen. 8% drop today? What happened? Did model Y just pause? The weak are meat and the strong do eat! My clan is nearby and the appetiser has just been served. We the vultures are the natural cleaners and must eat.

It appear the dinner bells have rang early boys. Lets get our bibs on and eat. I can smell the early signs of putrid flesh from below that giant Tesla cliff where the sheep have fallen. 8% drop today? What happened? Did model Y just pause? The weak are meat and the strong do eat! My clan is nearby and the appetiser has just been served. We the vultures are the natural cleaners and must eat.

Tesla has now made more profit from bitcoin than it does from cars. It says a lot. I wonder what other magic tricks Elon can pull before the house of cards comes tumbling down on the followers? I didn't miss the boat. I sailed and got off at the perfect time. I rode it up and I'm gonna ride it down.

RE: JWD222
So defensive and aggressive as usual ha. Tesla fanboys can't handle the truth. It hurts I know but what can you say besides accepting the reality? There is nothing new under the sun here.

I think Elon will go down in history as the world's biggest con man. He has recruited an army of speculators to lie about his company and then made them to go on to brainwash and deceive more people to buy into his scam company. If Tesla were to go bankrupt today, they have no realisable assets or anything to back it up. It's all a con game, almost like a pyramid scheme in vampire marketing. Once you get bitten, you must bite others to survive. Think about the way Tesla fanboys behave and are so defensive and aggressive over Tesla. The reality with most electric cars is that they are bigger polluters than combustion engines because the demand they place on the power grids to produce electricity to charge them up is immense. We don't currently have sustainable energy production everywhere and most of the planet is still trying to reduce the dependency on coal for electricity. Nuclear power is not yet wide spread.