Big Lesson Learnt from Losing Day Trading Tesla

[@kernel8803]

Reading How to Day Trade for a Living right now. It's not just a good trading book, it's a good book overall, very well written and a very easy read. I'm a third of the way through it now, and can't wait to finish it, thanks!

[@acousticpost5540]

Thanks for sharing this. Can I ask how many shares you usually take for these trades (like how many for Tesla)?

[@BearBullTraders]

Thank you for your question! The number of shares I take is big, but it really doesn’t matter because every trader is different. Factors like account size, risk tolerance, and individual goals all play a role in determining share size. What's important is the process and following a trading strategy that has a positive expectancy. Focus on developing your own process, managing risk, and sticking to your plan. Over time, you can adjust your share size based on your results and comfort level... Thanks for watching!

[@ahhmonn]

do you trade based of support and resistance and vwap bounces?

[@BearBullTraders]

Yes, I also watch L2 for signals.

[@_al_c2638]

so what was the big lesson learnt here?

[@BearBullTraders]

Don’t trade if you miss the time frame

[@jonathan-us5jm]

​@@BearBullTradersI noticed that during 9:30 ET the stocks price dropped most of the time is the day's lowest. So you mean we should call it a day and check again tomorrow?

[@anuragtewari16]

Hi Andrew. I would really like to hear what you saw when u reversed and went short on TSLA after losing on the long. It was a genius move and i thought you almost break even for the day on TSLA. Anyways TSLA would be fun tomorrow.

[@BearBullTraders]

usually flip is a good trade but it is hard.

[@MrNetsecure]

Did you not hedge the crowd strike puts by buying puts at lower price? you will have to buy the stocks at a loss if it goes below your strike prices.

[@BearBullTraders]

No I didn’t but correctcway of doing it is yes buying puts

[@ShubhamSharma-qw9fn]

I have seen so many videos of your trades but these tesla trades seemed like it was not you somehow.

[@BearBullTraders]

yes i woke up late sorry

[@ShubhamSharma-qw9fn]

@@BearBullTraders preach 🙌

[@robertwalker9515]

I assumed a huge loss on Friday for the same reasons. I woke up late and rushed to mark my key levels, i bought call options on Netflix on a pull back that didn't want to find support. I held way to long, totally whiped out the last two or three months of gains. thanks for sharing.

[@BearBullTraders]

we learn from mistakes

[@troytomamusic]

Thanks for the lesson today.

[@BearBullTraders]

Thank you

[@troytomamusic]

@@BearBullTraders great stuff. I’ve been doing options trading and these are really helpful.

[@BearBullTraders]

@@troytomamusic Awesome!

[@adammorra3813]

Andrew I am ready to quit my job and go all in on trading. My job is draining me and you have so many inspirational and motivational videos it makes me believe in myself and a optimistic future.

[@ShubhamSharma-qw9fn]

Bad idea. Build a cushion first before quitting. It should be at least for 6 months.

[@BearBullTraders]

If you have covered your expenses for some months or a year and have an emergency, fund go ahead. It is unlikely you will be profitable quickly, if you don't have that cushion, keep your job or get a new one.

[@adammorra3813]

@@BearBullTraders Thanks Andrew. I have 1+ year of income saved + 35k for trading account. I am just afraid to pull the trigger and leave the corporate world forever.

[@ShubhamSharma-qw9fn]

@@adammorra3813 good numbers. You can pull the trigger. Make the Jump when you are most afraid to jump.

[@JuanchoMan5]

@@adammorra3813I did this not too long ago. As long as you can control your emotions and cover your expenses with your trading, you should be ok. Being able to pay full attention to trading has helped me a lot.

[@yohannestesfay5369]

I appreciate you review your bad trade. I can only imagine it's not the best feeling in the world.

[@BearBullTraders]

thanks

[@jherc135]

Andrew, this is one of the reasons I have ultimate respect for you! You don't always show the good, you show the bad as well. One can most definitely learn just as much from the bad days as they can the good days, if not more. Cheers, John

[@BearBullTraders]

I appreciate that!

[@SantiagoJFontenla]

Thanks for sharing

[@BearBullTraders]

My pleasure

[@TillyTheDon]

Traded the breakout & then gave it all back. That what I did.

[@BearBullTraders]

damn sorry

[@TillyTheDon]

@@BearBullTraders All good. I was basically gambling. Lesson learned.

[@Cyberfriend2]

Your going to be up big if you're still holding those puts now that's tesla missed earnings.

[@BearBullTraders]

Yes I covered them unfortunately with big loss

[@Weloveanimals.forever.always]

The best book I’ve ever read, definitely recommend for new traders

[@BearBullTraders]

Thank you for your kind words!! ❤ I would be grateful if you could write a review for the book on Amazon. It would help others discover it. Would you be up for that?

[@Weloveanimals.forever.always]

@@BearBullTraders for sure I will actually do it now!

[@abhibhargav17]

Glad to be here

[@BearBullTraders]

thanks

[@rukaaz]

I really want to want losing trades to avoid mistakes committed by others. Thanks for educating us. I see the cost of getting up late 😂Dr Andrew

[@BearBullTraders]

My pleasure!

[@ScienceMasterHK]

Lost 140k today! Kinda hard to manage. Are you like don't care because you have a longer track record or you have other ways to stay cool?

[@BearBullTraders]

Yes, experience plays a big role. Over time, I've learned to stay calm because I have the conviction that with the right market conditions, right setup, and mindset, I can make money from the markets. It's all about trusting the process and staying focused.

[@etfcboe-iy6kz]

Andrew you're face is litterally glowing. You lost 50k and still all smiles. What is the secret? Im always stressed out about trading and trying to make money and you almost so effortlessly attract these things. Can you make a video about this. About the psychology of money and your secrets to attracting it?

[@BearBullTraders]

Thanks for your kind words! The secret is focusing on the process, not the outcome, and managing stress through experience and mindset. Trading is a journey with ups and downs, and it's important to stay calm and focused.

[@midnightsxtc]

wow

[@BearBullTraders]

wow

[@kernel8803]

You won't believe this.... I'm on page 101 of your book(Kindle edition), and guess what company is in your gappers watchlist June 1, 2020....CRWD, what are the odds!!!

[@BearBullTraders]

Wow, amazing! I would be grateful if you could write a review for the book on Amazon. It would help others discover it. Would you be up for that?