A thread on $TSLA / $TSLAQ the stock in 2020:
Don’t retweet this, @gordonjohnson19 would not like the unit of #Gordon to trend. /2

/2 Some of you may ask: “What is a #Gordon?”
This used to be easy to answer. @gordonjohnson19 was famous for his bearish price target on $TSLA: $ 87. Prior to the 5/1 split. /3
/3 His price target (one #Gordon) translated into $17.40 post split. That price target was supposed to be the real value of the stock, those targets are usually for a twelve month timeframe: @Tesla the company ~ 1 #Gordon. /4
/4 One #Gordon wasn’t meant to tell us by how much the stock would rise every 10 days in 2020, but it ended up doing just that: $TSLA started the year at $86.05 or $430.25 pre split. It ended the year at $705.67, hence went up $619.62 ($3,098.10) or 35.6 #Gordon. /5
/5 So on average $TSLA added almost 1 #Gordon every 10 days. That’s despite falling to it’s annual relativ low on March 20th. /6
/6 At some time, @gordonjohnson19 must have gotten sick with people writing: “up two #Gordon for the day”. Instead of admitting defeat, he sneakily altered the value of his currency. A #newGordon replaced the trusted #Gordon, now valued at $40. /7
/7 He waited until October with this move. And still,.$TSLA the stock rose by ~ 6.4 #newGordon (~ 14.8 #Gordon) since that day. So: Please don’t make @gordonjohnson19 look like a fool at the turn of the year by retweeting this! /8
/8 And please don’t be like him: Whatever the real value of @Tesla the company, it’s more than a #Gordon or a #newGordon. Happy new year to all of $TSLA / $TSLAQ!
🍾
@threadreaderapp please unroll.

More from Trading

1/ Feels like a good time to tell the story of how I went from broke to a millionaire to broke again in 2017/18 again...

Yesterday was brutal for some people...

Losing life-changing money sucks, losing any money sucks...you can chase the market or you can change your strategy.

2/ The original thread is gone but you can read it here.

https://t.co/cLLNs75rB0

tl;dr
- Traded $32k to $1.2m
- Thought I was a genius
- Made poor investments
- Didn't conserve capital
- Peaked at 150 BTC
- Lost nearly all of it

2 weeks from losing my house + no income. Oops.

3/ I am going to assume you are in it for the money rather than the tech. Yeah, you might Tweet about the amazing blockchaining of cross-border payments and oracles yadda yadda...really, you are in it to make money.

If you are really in it for the tech, go and build something.

4/ Okay, so if you want to make money, trading is super hard, you are trading against:
- Better traders than you
- People who can move markets
- Unknown information

And if you are trading with leverage you might blow up your account with the volatility.

5/ If you are not trading, you are investing. Okay, so what are you investing in?

I made the decision that the crypto with the best opportunity of existing in 10 years is #Bitcoin:
- Solves a genuine problem
- The right tech
- A proven track record

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