Short-Term Trading Strategies

And, Tesla's next factory location?

Today is Monday, September 18, 2023.

The Early Bird Index today is 56.31.

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Short-Term Trading Strategies

Here’s everything you need to know about short-term trading and long-term investing in 2023, from OneOption's Founder Pete Stolcers in a new episode of the Early Bird podcast.

Going Long: To be a long-term investor in a stock, Stolcers recommends looking at the stock’s trends, competitors of the company, the regulatory environment, balance sheets, and valuation metrics.

Beware: Stolcers said that long-term investors should avoid trading on a short-term news item if they don’t understand technical analysis.

Going Short: Short-term trading can sometimes be grueling and take years to master, so Stolcers recommends starting with trading one stock at a time and eventually bringing your win rate up 75% or higher.

Now: Is 2023 a good year for short-term trading? Stolcers says that it has been a tough year for short-term trading because the market is transitioning.

Final Thoughts: What advice does Stolcers have for investors who want to get started with short-term trading today in 2023? Find out by listening to a new episode of the Early Bird podcast.


Notable Earnings Today: Stitch Fix (Nasdaq: SFIX).

Notable IPOs Today: Cheche Group Inc. Class A Ordinary Shares (Nasdaq: CCG), FitLife Brands, Inc. Common Stock (Nasdaq: FTLF).

Notable Equity Crowdfunding Campaigns Ending Today: Dinobi Detergent (Honeycomb), OSDB (StartEngine).

Notable Economic Events Today: TIC Net Long-Term Transactions (4:00 p.m. ET).

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Tesla Asked to Build a Factory in Turkey

As Tesla (Nasdaq: TSLA) focuses on expansion, CEO Elon Musk is reportedly being courted by international leaders who want the next Tesla factory in their country.

Details: According to state-run news agency Anadolu Agency on Sunday, Turkish President Recep Tayyip Erdogan met with Musk in New York City and asked him to build the next Tesla factory in Turkey. Erdogan reportedly bragged about the company’s technological breakthroughs. According to the news agency, Musk said that Turkey is among the most important candidates for the next factory.

Background: Tesla operates production facilities in the United States, Germany, Canada, China, and soon in Mexico.

Stock Price: Tesla is having a monster comeback year in the stock market. The stock is up 153% in 2023 and up 27% in the last 30 days.

Yes, But: There have been concerns about industry demand and increased competition in the electric vehicle space.

Final Thoughts: Despite the impressive year, some analysts are concerned that Tesla’s stock price has become a little bloated.

Polkadot Community Pauses Operations

The cryptocurrency Polkadot dipped a bit on Sunday after Polkadot community PolkaWorld paused operations due to a funding proposal that was recently rejected.

Price: Polkadot is one of the few cryptos in 2023 that has seen its price drop. It is down about 6% in the last week.

Final Thoughts: Polkadot, similar to other altcoins, is seen as a risky investment.

Trends to Watch

Closer to Free: You Might Be Paying Too Much for That Index Fund (Wall Street Journal)

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