(URGENT) I just opened a $100k short on Tesla stock... | Summary and Q&A

TL;DR

The content is a brief market update where the speaker shares their opinion on shorting Tesla and DJT stocks, highlighting the recent earnings report and the potential for a Tesla Model 2.

Key Insights

• 🛀 Tesla's recent earnings report showed missed earnings per share and revenue.
• 💚 The stock remains in the green due to promises of the Tesla Model 2 by Elon Musk.
• 🔇 The speaker believes Tesla will return to its bearish pattern after the hype fades.
• 🎚️ DJT is traded based on overbought and oversold levels, respecting previous resistance and support levels.
• 🥳 The speaker values live trading sessions for guidance and offers a risk-to-reward ratio calculator as a helpful tool.
• 😤 The LPP team provides lifetime access to their live trading sessions, currently with a 50% discount.
• ❤️‍🩹 The speaker encourages ending the year on a green note in trading.

Transcript

all right so shorting everything part one just kidding what's going on guys it's rub Tech Solutions here with a super quick market update so I am shorting Tesla uh I opened short during my live trading with the lpp team originally this thing ripped up opened short closed my position then it ripped up even more open short a little bit too early and ... Read More

Questions & Answers

Q: Why did the speaker short Tesla and DJT stocks?

The speaker believes that Tesla's recent earnings miss, combined with concerns about layoffs and demand, justify a short position. For DJT, the speaker trades based on overbought and oversold levels.

Q: What is the speaker's opinion on the Tesla Model 2?

The speaker is skeptical about the timeline for the Tesla Model 2, given Elon Musk's previous promises and recent workforce reductions. They do not expect it to be available in the near future.

Q: How does the speaker approach trading reversals?

The speaker scalps and trades reversals by respecting overbought and oversold levels. They open short positions when a stock becomes overbought and close them when it becomes oversold.

Q: What advice does the speaker give for successful trading?

The speaker emphasizes keeping trading simple, respecting previous support and resistance levels, and working with the stock's movement instead of against it.

Summary & Key Takeaways

• The speaker has shorted Tesla and DJT stocks and shares their trading experience in live trading with the LPP team.

• Tesla's recent earnings report showed missed earnings per share and revenue, but promises of the Tesla Model 2 from Elon Musk have kept the stock in the green.

• The speaker believes Tesla will correct itself and return to its bearish pattern, while also trading DJT based on previous resistance and support levels.