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This is just sad
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this post was submitted on 16 May 2024
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the_dunk_tank
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It's the dunk tank.
This is where you come to post big-brained hot takes by chuds, libs, or even fellow leftists, and tear them to itty-bitty pieces with precision dunkstrikes.
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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?
To make money from stocks you need a lot of money to start with
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)
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.
I remember hearing about bitcoin when they were like 10k btc for a single pizza and thinking "wow these are obviously a scam I'm not touching that shit" and I was right but also wrong
Or do insanely leveraged bets that will lose you everything or evn more than you put in 99.99999% of the time
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
I see I see. I have a very finite amount of money, unfortunately
Yeah if you short Tesla at $10 and they go bankrupt, you made $10. If they do a hype bubble and go to $100 you need to pay $100 back
Speculation is a game for the rich, I'm afraid
If you bought the correct put options, you could make a lot of money. But timing is everything, sometimes there are no good news for Tesla, but the stock shoots up by an entire Ford market cap in a day anyway.