$Tesla Motors(TSLA)$ One of my biggest single profit win from Contra trading account so far. Traded using ticker symbol TSLL instead of actual TSLA ticket symbol because the price per unit is smaller, while price action is the same as TSLA. TSLL works well with Tiger Contra account because Contra account doesn't allow options trading, and TSLA price is too pricey for trading since profit/loss won't be significant. Entered my TSLL position (at $10.55) when TSLA retrace back to $286-$287 level yesterday which wasn't a great position but I held on anyway because overall TSLA seems to have managed to break and hold $285 very well. Sold all my TSLL position (at $10.84) after TSLA rebound from $285 e
$AMZN 20250502 180.0 PUT$ strong support at the 180 level. I doubt this level will break unless something disastrous happens. Will continue to sell puts at this level, as the earnings for MAG 7 are positive and should hold.
I see Crypto as a speculative money making tool. It is money making as we can the value rise with speculation. I think we can expect the value to rise further as more uses arise and when there is some form of governance. Of l course, if governments buy it like trump openly supporting it, the value can rise even more. I never believe in putting all my eyes in the same nest so l view the approach of all in into Cypriot as foolish. I am a greedy person so I would want the salary from my day job and the returns from my investment. The salary from my day job also provides me with extra capital. Which one is harder to earn depends on which one one is more skilled in. Crypto fluctuates and one can be stuck in the low for some time too. I don’t think strategy can sustain its bitcoin-stock cycle es
$SOXS 20250502 17.0 PUT$ collected full premium and got assigned at 17 when price close at 17.03. will monitor next week and see how it goes. market looks like continue to strengthen.. tough ride ahead for soxs
According to the UK’s Financial Conduct Authority, too many young adults have invested in crypto without fully understand that it is a very high- risk asset. Many young adults have experienced ‘play-to-earn games’ which reward players with crypto currencies that can be traded for cash. They also see others brag about making million dollars in crypto trading. So it is natural for them to want invest in crypto as it is just a click away to them. Being young, they are more optimistic and not afraid of risks. Volatility appeals to them because they think that volatility in the market means opportunity and they would be the last one standing if ever there is a bloodbath. I think we should be extremely cautious because “the last one” means only one in the millions which is as good as putting one