Pretty amazing how well 1,2,3 parabolic trendline pattern works. Something learned from @DanZanger ....signaled the correction in equities in July and rates into the highs. Something for tool box.
Advice of the day: If you want to be successful (especially to those who use the excuse "I don't have enough time"), for starters... stop watching stupid worthless videos on TikTok, Facebook and Instagram of jerkoffs slapping each other in the face, dogs in tuxedos, and misearable drama, and instead put that time into work, study and following your passion. Read a book written by someone great and learn something instead of building a craving for dopamine hits from nonsense all day!
Before Tim Allen achieved stardom with Home Improvement, he was a drug dealer who faced trafficking charges.
On October 2, 1978, he was arrested at the Kalamazoo Creek International Airport in Michigan with 650 grams of cocaine.
He pled guilty and provided the names of other drug dealers for a reduced sentence. Two years later, he was out on parole and went on to become one of America's most famous actors.
I'm quite possibly the worst trader that has ever lived. In more than 20 years of trading, I've blown up multiple times - some of them with one trade gone wrong - others with a Martingale death spiral from hell. Options, futures, currency, stocks - you name it, I've probably blown up or done incredibly stupid things with it. It was never due to a lack of knowledge. I've always been a steadfast student of the mkt. I've studied many of the greatest swing and position traders of the last 100+ years. I've studied and tried just about every indicator out there and made more "indicators of indicators" than I care to recall. All in an attempt to give me some sort of "certainty". But in reality, all they ended up doing was giving me a false sense of confidence.
What turned things around for me that last 5 or 6 years to profitability? Understanding that the mkt doesn't care how smart I think I am. Understanding that I'm not the one in control - the mkt is. Understanding that trading is about odds and probabilities, not certainties. Understanding that mkt environment is one of the most important parts of trading edge, especially for swing and position traders. Understanding that I can do the exact same thing and get different results - not because my system changed, but because the mkt conditions changed and I must change with them. Understanding that one lapse in judgement, one revenge trade, one oversized position can set me back days, weeks, months or years. Just one. I've literally had periods where I flawlessly traded for months and months and then let one wayward trade wipe out all of that progress. Happened so fast it made my head spin. You have to apply discipline and risk management on every trade, not 99 out of 100.
Trading is not easy, simply for the fact that it's not fair. The odds are stacked against you - financially, psychologically, mathematically. Even losing trades aren't fair - the simple fact that losing 20% requires to to make 25% just to get back to even shows the geometric degrade. The fact that one trade can doom you. The fact that someone like Jesse Livermore, regarded as one of the most talent traders in history, ended up ki!!ing himself after too many blowups. Most turtles never make it to the ocean.
This is a long way of saying to stick it out, if you have the willpower to do so. Your journey from suck to profitability doesn't have to be as painful and longlasting as mine. If you do the work and improve your trading over time and honestly look at and assess your results, you'll be surprised that one day, it'll all come together. You'll realize how far you've come.
How to look after your Long Range Tesla Battery!
Advice from Jeff Dahn, who's lab is partnered with @Tesla: https://t.co/qaWZxeNJDn
The key takeways of this video are:
1) Jeff's advice in the video only applies to high nickel batteries in long range vehicles! Not LFP standard range vehicles.
2) High temperatures kill batteries. If you go on a holiday/vacation during the summer, leave your vehicle at a low SOC (state of charge). For example: At or below 30% SOC
3) Cycle within a narrow SOC range. For example: 40-60% rather than 10-80%. The cathode expands and contracts in a wider SOC range, which causes it to break apart.
4) On that note: The lower the narrower the SOC range, the better. That means charging frequently.
5) Avoid charging the vehicle above 75% SOC. Above 75% side reactions start occuring that cause degradation. This also reduces the volume expansion issues mentioned in 3).
6) Taking all variables into account, operating between 45-70% SOC and storage at ~30% is ideal.
7) Occasional high SOC and wide SOC range are okay! For example, the occasional roadtrip.
8) With good thermal management hardware and battery managment software, supercharging should have minimal negative effect on cycle life.
Watch the video if you'd like more specifics! https://t.co/qaWZxeNJDn
It's worth watching because Jeff Dahn is one of the fathers of the Lithium Ion battery and his lab is partnered with Tesla.
Remember when all of the Tesla haters were up in arms about Tesla taking a $465M loan over a decade ago? That they paid back early, with interest?
Arguing that Tesla has no business success without taxpayer money and subsidies...
Well, now $F is getting $9.2B and $GM got $2.5B last year. Billions.
Those haters haven't said much, if anything, about these loans. Crickets. $TSLA