I have shorted 50 shares of Tesla at 407.00, do i hold or Short more ?

Took half off at 420. Holding for 400

 

So your previous post was not just, as I read it, a suggestion?

 

Always a suggestion
It was FOMC day when I opened so kind of risky

 

Do you want to make money or be right? If you want to make money, I believe stocks such as COST are showing more sings of weakness with ridiculous P/E of over 40 while INT P/E is less than 10.

 

Believe it or not, most traders want to be right.

"Amateur traders want to be right, the pros want to make money".
(Old saying on Wall Street)

 

Amateurs short stocks hitting alltime highs cough, cough COST - whether not their PE is "high" - meanwhile other stocks like INT wallow.

 

Amateurs also buy stocks making 52-week low, a losing strategy according to numerous backtests.

 

I'm not so sure about this.
It used to be that amateurs would buy all time highs and then inevitably get hit by the institutions along the way.
Now it seems amateurs have been taught to buy the dip

 

Here is the backtest.
https://www.equitieslab.com/buying-high-vs-buying-low/

From the article:
"at the very least, we can come to the conclusion that there really isn’t an advantage to purchasing a stock based on the 52-week high or low."

 

Doesn't mention period held after buying either 52 week high or low (unless I missed it somewhere?). Or any other pertinent info so zero value for me.