My trading on Tesla shares over the past two months has been quite profitable. Most times, I made profit when the share price was going up and when it was coming down.
I attribute my success to two important factors - luck and analysis. Both of which are probably of equal weight.
One can have good analysis, but if the luck is not on your side, you cannot make a profit.
Similarly, you cannot depend on luck alone. You need good analysis to make the right judgment.
I was able to read the trend for Tesla quite well, because I have been following the share very closely for more than a year.
I understand the company in great depth. I understand its market, its products, its competitive advantage.
I also have the help of my crystal ball (CB). Most times, its whispers turn out to be correct. I will not part with CB for any sum of money. (Sorry - not for sale!)
My other investments are not doing so well now. Most of them are showing paper losses. I keep them because they were grossly under-values and pay good dividend.
I am patient, waiting for their recovery. I hope to be able to tell interesting stories about this strategy some time in the future, but not now.
In this article, I explain my approach towards investing
