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A comment on Tesla on track to smash targets after producing almost a million EVs in 6 months. Parent comment

Re:Tesla on track to smash targets after producing almost a ... by typon on Sunday July 02, 2023 @11:15PM (#36568332)
Made ~$10,000 from that bet last year. I was pretty pleased with myself.
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Re:Tesla on track to smash targets after producing almost a ... by seanmcdirmid on Sunday July 02, 2023 @11:23PM (#36568371)
Would you have made more if you were still holding that short position today?
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Re:Tesla on track to smash targets after producing almost a ... by kelnos on Monday July 03, 2023 @06:30AM (#36571047)
Good work; you successfully managed to time the market. I'm sure there were many, many others who didn't make out so well.

Now redo the calculation a bunch of times to account for all the other possible times you could have both opened and closed that short position, and see how many other times you would have turned a profit. Probably not in many of them.

You got lucky. Contrary to some popular belief, lucky timing is not a generally-applicable investing strategy.

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Re:Tesla on track to smash targets after producing almost a ... by typon on Monday July 03, 2023 @09:57PM (#36581240)
Totally agreed
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