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?
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
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
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.
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
Speculation is a game for the rich, I'm afraid
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
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.