Very sobering tweet from Tesla Economist. He was one of the most bullish analysts out there. I’m not sure what he did to crash and burn his father’s retirement like this and I don’t want to speculate too much. Just wish him and his family well and hopefully we can all take a lesson away here.
Don’t get greedy. I know there seems to be a tentative optimism going into Q4 earnings season and it feels like we’re at the lowest of the low and ready for a “Face Ripping Rally”. Lets try to keep a little perspective here and manage our risk.
I still see people talking about engaging in risky leveraging with LEAPS… be careful out there.
Bullish as hell, but be aware that the market can be insane longer than you can remain solvent.
PS: Please be respectful.
I am truly sorry to hear that. I’m personally down several multiples of that amount on paper but have zero desire to sell anything.
I don’t care if Tesla stock goes down to $20
I’m not going to sell.
75% of my portfolio is in Tesla common stock and for that I don’t care if I have to hold for 20 years to break even. Nothing in the world will make me liquidate that position
25% is in January 2025 $150 calls. Now that could potentially go to zero if Tesla never goes above $150 over next 2 years. While unlikely, it’s certainly possible. And I’m totally prepared to lose it all
It’s a very bad idea to liquidate position when stock is down-65 to 70%
That is one of the worst investment mistakes, in my opinion
I’ve done that before and lost millions in profits
Worst feeling in the world is to sell right at bottom and then watch stock shoot up 10 to 20X over next few years. That’s the kiss of death for most investors
I’ve been super lucky. Back in September 2020 I’ve personally realized (not paper, actually sold and lost) over $20 million loss in a single day on Tesla stock. I was lucky enough to make it all back within a few months. Most are not.
So what’s the worst thing that can happen to Tesla stock? It can drop 97% off all time high to $12. Okay, so what? I’ll still be a millionaire
As long as company does not go bankrupt I’ll make back all my money.
Now, imagine if I panicked and liquidated my position last week and in 5 years stock is trading at $1000. Wow! I’d be a little disappointed
And goodluck buying back sold Tesla stock at a much higher price. That requires a certain trading mentality that 99% individuals lack
None of this is any kind of trading or investing or financial advice. Do whatever pleases you based on your own personal experiences and opinions