So…. turned out I was right to short Tesla. I just happened to do it a month early. After the setback in January, I was pretty upset, and spent a lot of time thinking about how I can avoid making the same mistake again.

I know there are wins and losses in trading, and the smarter strategy is to let wins run and cut losses quick. But that is so counter intuitive and super difficult to master.

As the Covid-19 situation evolved through February, and the cases ramped up and eventually spread over to many other countries, it became clearer and clearer that the market was definitely headed toward a recession, and that 2020 will be a difficult year for a lot of people.

There had been a lot of volatility in the market, with reactions coming in real time as situations developed and new cases documented.