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- "Tesla Will Crash"
"Tesla Will Crash"
My CFA Friend warned me.
My friend, who has a CFA license, told me this a few weeks ago. He said he looks at macroeconomics, news, and trends to predict the market.
I told him I had implemented my Options 360 strategy and bought a call option on Tesla. He laughed at me.
Right before Tesla's earnings call, my Tesla buy call was down 43%! Most of my group coaching students were panicking and asking me what to do and what was going on.
Then I told them, "Look at the earnings, remember what happened to Facebook a few years ago?"
Another student asked me why Tesla crashed, and I actually replied to her, "Umm, I actually don't know. I don't read the news."
Having said that, I actually bought another call option when the price was dirt cheap before the earnings call.
Then, one day after the earnings call, I had already broken even.
Guys, remember the news agencies' bosses need to make money from the stock market, too. How is news created? It is crafted to evoke certain emotions in you, like fear and greed. The news is NOT crafted for you to make money; it is crafted for the news agencies to make money.
F the Wall Street Journal, F your friend, go back to fundamentals, look at the earnings and the D Score. In the long run, you will make money.
“The Safe Investor - Safe Trade, Huge Profits”
D Score = 0.2396
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