• 6 minutes Trump vs. MbS
  • 11 minutes Can the World Survive without Saudi Oil?
  • 15 minutes WTI @ $75.75, headed for $64 - 67
  • 4 hours U.S. Shale Oil Debt: Deep the Denial
  • 19 hours Satellite Moons to Replace Streetlamps?!
  • 1 day EU to Splash Billions on Battery Factories
  • 15 hours The Dirt on Clean Electric Cars
  • 13 hours Owning stocks long-term low risk?
  • 2 hours Why I Think Natural Gas is the Logical Future of Energy
  • 6 hours Can “Renewables” Dent the World’s need for Electricity?
  • 3 days US top CEO's are spending their own money on the midterm elections
  • 3 days A $2 Trillion Saudi Aramco IPO Keeps Getting Less Realistic
  • 2 days The Balkans Are Coming Apart at the Seams Again
  • 2 days 47 Oil & Gas Projects Expected to Start in SE Asia between 2018 & 2025
  • 1 day The end of "King Coal" in the Wales
  • 2 days Uber IPO Proposals Value Company at $120 Billion
Martin Tillier

Martin Tillier

More Info

Trending Discussions

Why My View On TSLA Has Changed

In an internet comments section I was once berated by a reader for not following what they described as the number one rule of trading, that you should trade with conviction. It was obvious that that person had never made a living in a dealing room or on a trading floor. Anybody who has will tell you that the only conviction successful traders possess is the absolute certainty that a good percentage of trades will go wrong, and that something that looks like a great buy one day can look like a screaming sell on another.

That is why, as regular readers will know, I usually suggest stop loss levels for any trade idea that I might present and have no problem changing my view when price or circumstances dictate. Take Tesla (TSLA) for example. Back in March of last year, when the stock was trading at around $230 I advised caution. In many ways, TSLA is a natural buy for anybody who is heavily invested in a traditional energy portfolio, as it provides a hedge against technological advances causing a reduction in oil demand. A year ago, though, that potential benefit didn’t outweigh the soaring valuation of the company. Over the next couple of months the stock dropped below $180, and even after a spectacular recovery is overall down approximately 15% from then until now. During that time the S&P 500 has gained around 13%.

It could be said that that worked out okay. This week, however, after once again failing to turn a profit and in doing so disappointing the…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News