I did a hard day's honest blood sweat and tears, proper work. Exhausted.
I had to make sure I was up by 2:30 pm, though, because that's when the US market opens.
Yesterday (Sunday), big Elon was all over the Bloombergs, gurning over his Q2 Tesla results. He's doing good. He has about 70% of the US EV market.
So everyone knew the Tesla shares would be way up on market opening today. Those with clout get to trade when the market's closed, so ordinary mortals know what sort of level it will be at - after they missed their chance. It was going to be 5% or so.
You might think there's no way to make anything out of it, if you didn't happen to have T shares already. BUT all the plebs like me still order before the market opens, because there's a an orders stackup and an overshoot in the price, something like a quarter of the overnight hike. That's a rise in the price worth going for imho.
From previous price jumps, you see that the competitors' prices rise as well. It makes sense - if the EV market for one mfr is hot, they all are likely to do well.
Lucid and Rivian make EVs in the US (though China make more).
Immediately after the price peaks, there's a profit taking sell-off so it goes flat or back a bit, then the "news" reverberates around; enthusiasm does seem to be contagious, and things carry on up. I don't really know why.
As a try, I split the punt between three EV makers; Tesla Rivian and Lucid.
It was worth a bit of post-ascension analysis. Is anyone interested ?!
Here's the result - the rise, flat and continued rise before the general selloff is clear. It's not as fast as you might think - those red/green candles are 5 minutes wide.
Watching the three together, it showed that the dynamics were different ( you can tell something of what's just about to happen from volume graphs not shown).
The coloured boxes' height represents the % shown. Approximately. The width of the candles hides the softer starts that Rivian and Lucid made.
Rivian did better first off,, then at about 20 minutes ( four candles /fork handles) it was sell-time. I missed the small humps about 15:20.
Rivian hit the hardest "bottom" (It's called a pivot point - easy to spot if you're expecting it) at 15:35. They were all more or less in sync watching the 1 minute candles. The pot went into Rivian about 5 mins later, and stayed there until the end of the day, 5.6% higher on that part. I was watching it - it was Tesla which stopped me hitting the sell button at 17:05, telling me it wasn't some news event influence, because Tesla stayed positive.
It turned out to be an 8.4% day. The US market closed early for July 4th.
By the way, one uses "stop loss" pending sales, in case of a fast drop, which sell if triggered at a level you set.
Fees are very low if you want that. One broker has zero fees, and a low ~0.2% exchange fee per trade, or leave the stuff in $ until you want to withdraw, then you're very nearly cost free over a period. (They do publish how they make profits, it's mostly on different products.) You can start with a few quid, and up to 85k is FSCS covered. You can insure your pot above that, but that's high enough for me to play with, for now. It's per broker anyway. ....You can work out 8% of that.
So it's not hard, no need for special knowledge if you can tolerate sitting on your arse or looking at a phone app, and do a bit of homework.
Tesla gets a lot of flack,, there' s a lot of dubiousness. It's no Microsoft - but that dropped 0.8% today if you were negligent.
