BUYING MORE APPLE AND TESLA STOCK (BUY THE DIP)

TL;DR

Trader closes profitable day with updates on open positions and market trends.

Transcript

what's going on team it's ricky with tackle solutions i hope that you guys were all having an amazing tuesday the market literally closed seven minutes ago and this is pretty much where i closed the day out so i am i still have an open position so i was up over a thousand dollars on the day as you guys could see on the open i'm down about 50 60 70 ... Read More

Key Insights

• 🥳 Successful day trading led to over $1,000 in profits from positions in TQS and SQ.
• ❓ Strategic purchases of more shares in Tesla and Apple during a market downtrend.
• 😨 New car purchase for resale highlights trader's passion for cars and entrepreneurship.
• 🎚️ Market analysis focused on trends in Nasdaq futures and resistance levels.
• ⏰ Reminder for traders to lock in profits, understand market patterns, and not be greedy.
• 🥹 Encouragement for investors to have a long-term plan and hold on to stocks like Apple and Tesla.
• 😀 Discussion on the potential of Tesla facing a descending resistance and the importance of monitoring trading patterns.

Questions & Answers

Q: How did the trader perform in day trading TQS and SQ?

The trader was up over $1,000 on the day from day trading positions in TQS and SQ, with specific profits of over $800 on SQ and $287 on TQS.

Q: What open positions in Tesla and Apple did the trader have?

The trader had a long position in both Tesla and Apple, with Tesla's average position at $395.19 after buying more shares at $418, and Apple with 50 additional shares bought at $114.20.

Q: How did the market trend influence the trader's trading decisions?

The trader noted a change in market direction before opening and focused on SQs due to the market selling off, increasing the chances of profit. They monitored resistance levels to manage their positions effectively.

Q: How does the trader differentiate between day trading and long-term investing in stocks like Apple and Tesla?

The trader clarified that day trading involves short-term trades, like in TQS and SQ, while long-term investing is the intention with Apple and Tesla, seeing value in these companies and holding them over time.

Summary & Key Takeaways

• Trader closed the day with over $1,000 in profits from day trading positions in TQS and SQ.

• Open positions in Tesla and Apple dragging down profits, buys more shares in both.

• Updates on a new car purchase for resale and market analysis on current trends.