This is not trading advice, nor is it educational. Therefore don't read it and just go do something else.
This is a chart of TSLA and I'm using it to make a point. Do not fight the trend. This may sound like the most obvious thing and yet the majority of failed predictions from "analysts" on this site are ones against the current trend. Anyone who has shorted Tesla knows this all too well. The most shorted company in the world, the biggest unicorn company in the world (in my own personal view) and all the shorts get their asses handed to them time and time again. The fundamentals may be crap, the technicals may look bad and yet if it's going up either go with it or stay away. Trading is a probabilities game and the probability that a trend will continue is generally a lot higher than crashing down in flames due to some resistance level or whatnot.
I hope that some people learn from this and save themselves much unnecessary pain.
This is a chart of TSLA and I'm using it to make a point. Do not fight the trend. This may sound like the most obvious thing and yet the majority of failed predictions from "analysts" on this site are ones against the current trend. Anyone who has shorted Tesla knows this all too well. The most shorted company in the world, the biggest unicorn company in the world (in my own personal view) and all the shorts get their asses handed to them time and time again. The fundamentals may be crap, the technicals may look bad and yet if it's going up either go with it or stay away. Trading is a probabilities game and the probability that a trend will continue is generally a lot higher than crashing down in flames due to some resistance level or whatnot.
I hope that some people learn from this and save themselves much unnecessary pain.