Originally Posted by
mispoken
I like Tegridy’s dabbling in these EV stocks; I’ve done well trading contracts on them, but like he said the sector is HOT right now. Many have virtually zero fundamentals behind them and are nothing more than the figment of someone’s imagination (NKLA for example). These are fun to trade but 1% will live on to be the next TSLA. I wouldn’t start with them if I were building out a portfolio at this moment.
As always; NTFAFAP (Never take financial advice from a pilot)
Lol 100% agree with the last part. As far as the EV sector and particularly NKLA... that company makes zero rational sense. WKHS is one of three finalists for a $6B+ USPS market.
I’ve toured their facility. It is impressive. I’ve listed all of the hot EV sector plays I have. I funded my WKHS play with TSLA profits. Didn’t sell all my TSLA, but initially the investment began with TSLA profits. Once up ~40%... I averaged up with my own money.
USUALLY, with a spec play I will not initiate a position with more than $10,000. If my $10,000 turns to $17,000, I have no problem averaging up. Protecting the seed money is key IMO.
This is probably the best conversation I have ever read on APC. Some intelligent points in this thread.