Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Most of you know that I own a Tesla Model S and have a Model X on the way. One of the most recent innovations from Tesla has been “autopilot”, which lets the car drive itself in freeway conditions. Personally, I like driving, and I think the idea of sitting in the driver’s seat with my hands hovering above the wheel while the car “assists” me is absolutely ridiculous.
To be clear, I think self-driving cars are going to be one of the most profound changes of this century. However, these very early attempts at “assisted” driving, particularly when one is required by law and the manufacturer to be “driving” regardless, tells me there simply is no point to this at all (or the substantial added expense of buying the autopilot package). And, if nothing else, I’d personally prefer being spared the car terrifying me like this:
(Note from Tim: 2sweeties is resuming more frequent posts here on Slope, and this is another. With all humility, and mainly because I’m talking my book here, I disagree with a bullish disposition toward crude oil, but Lord knows I’ve been wrong on occasion before. Here ya go:)
This trade could work as quick trade with a target around ~16, but if after that you want to hold with a Trailing Stop in the hope of a much larger uptrend… you can do that, maybe you are lucky and it works.
To find where to exit our trades, we usually check the opposite model direction, for example if you enter a trade LONG with the LONG model, then you can use the SHORT model to know where to exit and take profit.
Let’s have a look to USO’s DAILY chart: