Elliott Powell

Energy trader and engineer with a passion for EVs and the transition to sustainable energy

[Elliott Powell @Elliott2705]

@alojohhardcore AJ, would you share what a normal drawdown for you is in a period like this? I'm heavy in a few names e.g. mu, that are down over 20%, plus some leverage, currently in a 30% draw down but still up 70% ytd.

[Elliott Powell @Elliott2705]

@alojohhardcore @MHas129 Or 5% in 2 hours. Annualised thats quite a number...

[Elliott Powell @Elliott2705]

@alojohhardcore Added some at $995. Feeling a little over exposed to it and with more leverage than I want so might have to find something else to trim. It's too cheap here... basically a 5.5x 2027 EPS

[Elliott Powell @Elliott2705]

@SawyerMerritt Aaah I don't get my YL til next week... itching to pick it up.

[Teslascope @teslascope]

A new feature has been detected: FSD (Supervised) v14.3.3 Down Under

https://t.co/FjCpVVNNX6

[Elliott Powell @Elliott2705]

@BoBbyPleWniaK @johnblackwelder If it drops after hours you still might get assigned yeah?

[Elliott Powell @Elliott2705]

@BoBbyPleWniaK I'm rooting for you. Its so close!!!

[Elliott Powell @Elliott2705]

@alojohhardcore Thanks for the signal AJ, added some Meta today as I didn't own any and it hadn't moved, looks like great value here and a slightly safer position than my large MU long.

[Elliott Powell @Elliott2705]

@CharlesSteadman @TeslaBoomerMama Charles, have you found someone with allocation in nz?

[Elliott Powell @Elliott2705]

@alojohhardcore I've caught myself giving Colin more weight than I should have especially recently. He's been bearish this entire move up, waiting for it to come back down. I think regardless of the run up MU multiples will provide some downside support. Surely...

[Elliott Powell @Elliott2705]

@alojohhardcore I live in New Zealand. Sometimes the best part of trading the US market with high conviction stops is I go to bed before open, and wake up around 2pm EST, so the dip has happened and come back up while I slept. No way to panic sell when you're asleep!

[Elliott Powell @Elliott2705]

@alojohhardcore I wish I could have added, but it would have been irresponsible. My $MU position is up 60% after I scaled up into it in the 380-600 range. Now we wait... I'll avoid the temptation to trim, but not sure where to get off the train here, who knows where it stops.

[Elliott Powell @Elliott2705]

@stekkerauto @alojoh 100%. I've been running Micron for the last month, scaling up my position a little. The $MU research today was worth every penny, and more. NVDA position loaded too. If you are serious with good risk tolerance, don't hesitate to sign up.

[Elliott Powell @Elliott2705]

@colin_gladman This should be printed out and put on the wall of every x wannabe trader. Wiser words have never been spoken. Bravo Colin. Some listen, ignore those that don't.

[Colin @colin_gladman]

Yes.

It’s the fastest way to grow your portfolio, but also the most dangerous.

I recommend to anyone who will listen, which isn’t much, to learn how to SELL options first. It’s what I did, with swing trading, the first 3 years of active trading.

Buying options should be used for being able to capture volatility when available. Which is what I do with $TSLA. At least I try. I’m wrong sometimes.

Buying options should be the last thing a person does. Not the first.

It wasn’t until I was extremely confident in my technical abilities and understand the product from the casino side of things, did it make sense to buy.

It’s still the smallest amount of my portfolio.

I buy options in the hundreds of thousands. I sell in the millions.

Be the house. Not the degenerate.

[Elliott Powell @Elliott2705]

@alojoh @JWhite @nikitabier I haven't managed to resubscribe yet. Mine lapsed due to the price change, which I suspect was the cause for everyone. Then I managed to find a bug. I paid for a subscription but im not back in and still being asked to subscribe.

[Elliott Powell @Elliott2705]

@alojoh Aj, the price rise caused automatic cancelation if you didn't confirm the new price. I just sorted mine but lots of people's subscriptions may have lapsed around now because of that

[Elliott Powell @Elliott2705]

@TJTheWheelDeal I almost universally go market mid or slightly better and wait for the fill. Slippage on entry and exit adds up big time and can materially reduce your expected value.

[Elliott Powell @Elliott2705]

@NZ_Tim93 @TeslaAUNZ Was this a demo drive? My new model y loaner from the service centre didn't have FSD, I was gutted.