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Thanks but I really don't need more margin
I still got close to a million of buying power left and I don't intend to use it
I'm reckless to a point
The reason why I'm carrying a $11million plus position in TSLA is because I have a sense of when to put pedal to metal and when to get the hell out of dodge
I could be totally wrong and today was the all time top but I highly doubt it
I used to be the sucker that sold at the bottom and bought at the top but after 19 years trading and millions in tuition to Wall Street I finally have a sense of when to push the limit and when to stay out
I do appreciate all the helpful information
I was one of those that sold during the run up in 2013 thinking I could time the dips. I've learned my lesson. Core investment doesn't get touched. Trade some covered calls that then is used to play the market a little bit.
Don't encourage him ,Yes please, I would be very interested to hear your mental model.
You should really consider moving your account to IB. The interest rate is lot lower and I believe you will get substantially more buying power. They have this so called 'portfolio margin' which gives you lot more buying power. I believe that works even when you have a concentrated position.
ZeroYou have so many millions, I can't even count it straight. So let's see, as it stands right now you have about 7mil net equity. You say you have been trading for 19 years with millions in losses over time. So I'm curious had you never done any trading at all and had all savings in cash what would your net worth today be?
Zero
You mess with the bull, you get the horns.You can't be serious, are you?
I was asking genuinely.
Always better to err on side of caution and be less forthright.Thanks but I really don't need more margin
I still got close to a million of buying power left and I don't intend to use it
I'm reckless to a point
The reason why I'm carrying a $11million plus position in TSLA is because I have a sense of when to put pedal to metal and when to get the hell out of dodge
I could be totally wrong and today was the all time top but I highly doubt it
I used to be the sucker that sold at the bottom and bought at the top but after 19 years trading and millions in tuition to Wall Street I finally have a sense of when to push the limit and when to stay out
I do appreciate all the helpful information
Smartest post of the week. So glad you made it.Zero
That's my net worth
It's all made up
I don't have any millions
I can make up any damn number out of the blue and post it online with no way for anyone to verify it
I can write that I have 3000 shares or 30000 or 60000 or 6 million shares
Why do you think I have to work 7 days a week
If I had millions do you think I'd be working 7 days a week
Okay since you're so damn curious about my net worth I'll tell you exactly
I have a total of 300 shares of TSLA
And 2 calls
I love to exaggerate my position by 100 times just to stoke my ego
End of discussion
(And I'm not wasting my time posting any philosophical discussions. I can think of 20 different things that I can do this evening rather than waste my time to explaining my net worth)
Have fun!!!
I just want to add that I've learned more from @TrendTrader007 posts than anyone else.Once again, as happens too often, the Market Action thread turns into the TT007 discussion thread. It's not relevant at all, I urge those of you so inclined to create a separate thread just to track his actions and keep the clutter out of this one.
Nothing at all against Trendtrader007, but I'm guessing on the next substantial dip we have, you may wish you had learned more from some of the more conservative investors here who have lots of great info to learn from as well....
realizing that demand for shorting is low and finding a better use for these shares.