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Members Trade Update: $TSLA Earnings Report

BotTrigger Trade Update: $TSLA right now is whipsawing in after hours (high of $317 to a low of $306) on their revenue coming in with a slight beat at $2.7 billion but wider net loss as operating expenses up $224M sequentially with the integration of Solar City expenses. What will be important is the actual conference call. For anyone who's interested in hearing the live webcast which should be starting any moment @ 2:30 PST you can listen to that here Don't get spooked out of TSLA on short term weakness. TSLA was caged in a giant 3 year trading box and is now squarely trading above it. The market is voting for this higher. These short term pullbacks will be buying opportunities.

Some of the greatest pearls shared by Jesse Livermore:

“Money is made by sitting, not trading.”

“The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages.”

“Buy right, sit tight.”

“Nobody can catch all the fluctuations.”

“There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play.”

“It takes time to make money.”

“Don’t give me timing, give me time.”

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