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[–] 12 points 2 years ago (10 children)

So if I had shorted tesla stock like 3 years ago does that mean I'd have money now or would I have had to invest like a lot of money to get anything from this?

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  • [–] 20 points 2 years ago (4 children)

    To make money from stocks you need a lot of money to start with

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  • [–] 12 points 2 years ago (2 children)

    Or be really insanely lucky with timing, like how I almost bought $1k of bitcoin in 2009, or how my brother almost invested in Tesla same year (we were almost lucky)

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  • [–] 10 points 2 years ago*

    You do have to be lucky, but as someone who lost a whole bitcoin I mined from the early 2000s, I still think "even if you had it you would've sold it when it went up in price to like ten dollars". I feel like you have to be lucky with timing AND stupid enough to hold for the exact right amount of time, which I guess is just being double lucky.

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  • [–] 14 points 2 years ago (3 children)

    The problem with shorting is that it's an expensive position to maintain, so you have to get the timing bang on or you can lose potentially infinite money

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  • [–] 3 points 2 years ago (2 children)

    I see I see. I have a very finite amount of money, unfortunately

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