$ProShares UltraPro QQQ(TQQQ)$ $ProShares UltraPro Short QQQ(SQQQ)$ 45% returns in a month just day trading TQQQ and SQQQ only. I realised trading doesn't have to be complicated. It either goes up or down. once you get in, you already have a 50% probability in your bag. The rest of the probability will depends on how you read your charts. Having your own rules matter too. Setting stop loss if price goes below support level and taking profits at target level and most importantly resist the urge to take small profits! Lastly, if you are not making money from options, I suggest just buy the stock as it is. Options are easily manipulated and small fishes like us just g
If you really love Tesla and willing to hold long term, don't buy outright. Go and sell a 20230616 $165 Put at $11.90 as of last Friday. it is as good as buying Tesla at $153.10. That being said, based on my technical analysis, I see Tesla reaching $100 again if it does not hold $163.91. Good luck!
As I mentioned earlier, don't buy the dip... if TSLA breaks below $163.91, there's a good chance for it to hit the previous low of $101.81. Will review again later on...
Why is $Tesla Motors(TSLA)$ struggling and what I will do? Before we talk about technical analysis, we need to understand the fundamental challenges that Tesla is facing in China. Why is the China market so important you may ask? Because the Chinese market accounts for more than half (58.7%) of the global EV market in 2022 and whoever owns this market will have an advantage to dominate the growing industry. Right now, the one who is dominating is BYD (Build Your Dreams) who jumped from 13th spot in 2021 to top spot in 2022 with 1.86 million cars (EV & PHEV combined) sold and that is half a million more than what Tesla sold in 2022. Have I mentioned BYD is backed by Warren Buffett? Now you may wonder what is the difference between
Dominance is when you can charge a premium like Apple and still keep your market share. This EV price war is just the beginning, not the end. Sooner or later, this price war will extend to other markets as well because truth be told, Tesla doesn't has any real competitive advantage other than Elon Musk. Once every car maker comes into the EV market, competition is going to be endless and I don't see how Tesla first mover advantage is going to be a game changer. Good luck!
Could Tesla Stock Soar to $252?
One analyst thinks the electric car maker's stock has 34% upside.
$DBS GROUP HOLDINGS LTD(D05.SI)$ XD, what's next? Congrats to everyone who collected their $0.92 dividends today! To review my previous post, I recommended to buy at 1st target of $32.50, 2nd target of $31.25 and 3rd target of $30. I personally managed to buy some at $31.99. I was "lucky" because price opened and gap down straight to $31.70 from the previous day closing of $32.70. Needless to say, I immediately bought since it was well below my 1st target of $32.50. That is why it is important to set a target based on your analysis instead of buying based on gut feel. I did not buy a lot but my investing strategy for local banks is always to buy regularly at area of value. Because nobody is able to predict how high or low a stoc