STOCK MARKET CRASHING SOON (OVERBOUGHT LEVELS) | Summary and Q&A

88.2K views
February 16, 2021
by
Ricky Gutierrez
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STOCK MARKET CRASHING SOON (OVERBOUGHT LEVELS)

TL;DR

The market started the week strong but later experienced a pullback, affecting Tesla stock. The video discusses managing position sizes and preparing for potential market corrections.

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Key Insights

  • 🤗 The market opened positively but later experienced a pullback, highlighting the importance of being prepared for market corrections.
  • ❓ Tesla stock has been consolidating around $800 per share, deviating from its usual bullish behavior.
  • 😨 Tesla's decision not to distribute new cars in China may be due to regulations or backlash.
  • 🧘 Managing position size is crucial in reducing potential losses and preparing for market pullbacks.
  • 🔇 The speaker experienced a gain of $2,400 after being down $3,700, emphasizing the volatility of trading.
  • 🌸 Being able to manage risk is crucial for enjoying trading, as losses are inevitable.
  • 🧘 The speaker advises preparing for potential market pullbacks by understanding one's position and reducing position size if necessary.

Transcript

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Questions & Answers

Q: How did the market open for the week and what happened later?

The market opened positively, but as trading hours progressed, it experienced a pullback, resulting in lower lows and lower highs.

Q: How has Tesla's position been performing?

The speaker took a heavy position on Tesla after a pullback and has seen a consolidation around $800 per share. Although Tesla is known to be bullish, it is not meeting expectations at the moment.

Q: What is the speaker's strategy for managing risk in their Tesla position?

The speaker holds 250 shares overnight and day trades with an additional 100 shares. This approach allows them to manage their risk and tolerate potential pullbacks.

Q: What is the importance of managing position size?

It is easier to manage risk when trading with a position size that one can handle. Large position sizes can lead to difficulty in managing losses and red days.

Summary & Key Takeaways

  • The market initially opened in the green but later saw a pullback, impacting Tesla stock.

  • The video provides an update on the speaker's heavy position on Tesla and its consolidation around $800 per share.

  • Tesla's decision not to distribute new cars in China due to regulations is mentioned, and the speaker requests any valuable articles on market updates.

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