Based on the recent trend in Tesla I invested in it on Monday while it was at 500$. Now it's down by 20%, anyone on the same boat? And any suggestions on what I can do now. PS: sold Amazon shares to buy them🙁#investments #tsla#tesla
nobody could have guessed it was going to fall back down
lol EVERYONE said it was overvalued. I sold tesla at 1700 pre-split (bought at 1400). I am risk adverse, I didn't want to gamble. There are thousands of good stocks and companies and kids are obsessed with few ones
Lol, I decided not to invest when the CEO stated his company stock was over valued. When was that again? 🙃
Just wait it out. Gotta be able to stomach these kind of days and hold strong.
Thanks mate.
Could drop another 20% next week so be prepared
Why would anyone sell Amazon shares to buy Tesla?! Amazon stock is high because of the real online business, while Tesla is backed by hype!
Since I already have Amazon stock vested and wanted a diverse portfolio
Diversifying by 1 stock?! And that being Tesla?!
Never buy in Bull runs. Specially Tesla, when they don’t have a mean to support its current stock price. All they need a bad quarter or disaster to tank its valuation at any moment.
Yea that's true. Lesson learned!
Battery day and s&p500 will bump it back up
Thanks for the positive thought 👍
Buy more to offset today.. but mostly hold.. do not sell.. this could be one of march 2020 drop..!
That's a good strategy 👍
Or it will go down more. Tesla’s price today is valid for maybe 2025... either be ready to hold until 2025 or take a hit and buy s&p index fund.
Sell some percent like 25% , and wait ... if it fall more... buy with money raised from selling... if it goes up ur average purchase point will be high but risk management comes first
Ok I did the same today
Why is your entire portfolio 20% down? Was it all TSLA or TSLA calls? If you don’t have the risk appetite then I would advise selling before it gets worse. Historically Sep is a bad month for the markets. Futures contracts expire, hedge funds take profits for the year etc. I’m taking a 3k loss on BIGC myself. Deduct it from your capital gains for the year
Tsla stocks. Ok thanks for the suggestion
Based on your advice I sold my shares and bought some tsla puts and it paid off well. . Thank you 😊
Your whole portfolio is TSLA? That’s not a portfolio 😂
I was trying to build it and started with Tesla, looks like I will stop with that
Why isn’t it a portfolio? Depending on what he picks TSLA might just outperform everything else. Cuban said diversification is only for losers — I kinda start to understand what he meant now
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You nailed "Buy High Sell Low" 🤣
I'd love to do the same for someone who is already frustrated and hurt. Good job, but I'm looking for advice from people who are in same situation/has better knowledge on stock market.
you should plan for a 10 year strategy, not a 1 week strategy. frustrated and hurt? lmao, I got frustrated when I lost my bets at Las Vegas. stop treating the stock market as a gamble. so many retails who dont even know what MM does try to beat the market. its just funny to watch