Week 36 is in and wow what a week.
Stock 3: TSLA
I got out of the trade at different levels, some at 405$ and some at 407$, to have more leverage which I can bet on Oil. I will wait and see how it’s going here and may get into the short again. The story might has changed now, too. The Oil price will go through the roof and investors could be pulled into this stock again, as it stands for electric transport without Oil.
Commodity 2: Oil
The beginning of last week was quite turbulent as the price was jumping and overtook some steps. It went to 115$, just to fall back to one of my entry prices of 76$. I got into a position at around 102$ and at first it went up like nothing, but then it almost crashed the account as you can see. I made a big mistake by not setting a stop value. Luckily it was just the size of 1 lot and not more. Certainly, many accounts have crashed from that volatility. The fallback was totally unexpected and caused by false claims and tweets by the US administration. The same administration, which started this whole thing. I am still thinking that they have too much arrogance and no idea what they are actually doing. It’s like the movie dumb and dumber, just in a very bad way. So far the whole thing is still working for me as I am betting against them, although I have to be more careful than with the other bets, because my betting style is really risky. I made some more long bets on Oil and the profit is growing.
Numbers
So here are the numbers of week 36.
The profit is at around 497% now (€11646 – €1950 / €1950). The tax (25%) from the Tesla bets reduced the profit.