I'm making this post in retrospect, I'm shorting NKLA from 7.2.
As a chemist, I can guarantee you that they will fail in their intent, and cannot deliver things that are impossible. Even if they stretch themselves to deliver, the product will be a worthless piece of sh1t.
This could still drive the stock up, because degenerate "investors" could pump it up short term based on news, but the inevitable future of this company is just failure.
I intend to short it until it fails completely.
My leveraged position is structured of a regular 1:1 leverage and 5x leverage (my personal risk tolerance).
Don't be a complete degenerate, and calculate your personal risk tolerance. Also, don't put more than 10% of your portfolio on risky bets that could explode when cult followers make retarded moves. Nobody can survive that, no matter how right they are.
But in the end, I'm right.
As a chemist, I can guarantee you that they will fail in their intent, and cannot deliver things that are impossible. Even if they stretch themselves to deliver, the product will be a worthless piece of sh1t.
This could still drive the stock up, because degenerate "investors" could pump it up short term based on news, but the inevitable future of this company is just failure.
I intend to short it until it fails completely.
My leveraged position is structured of a regular 1:1 leverage and 5x leverage (my personal risk tolerance).
Don't be a complete degenerate, and calculate your personal risk tolerance. Also, don't put more than 10% of your portfolio on risky bets that could explode when cult followers make retarded moves. Nobody can survive that, no matter how right they are.
But in the end, I'm right.
Trade closed manually:
I am done shorting because I need money for other stuff :)
By the end of 2023. I will close all my bank accounts forever.
Also migrating all my business to the Bitcoin standard.
The race is over, Bitcoin won.