TrendTrader007
Active Member
another quick thought: a wise investor knows when to take technical stuff and throw it out the window: in my personal opinion, this is one of those times. TSLA fundamentals are so extremely strong and it is in a definitive winner takes all position that relying on moving averages, resistance, technical levels/indicators etc is likely to lead to making mistakes.
for me, this is time to hold for foreseeable future; $400+ could easily happen by May or June 2023 (not a prediction). but then, i would be extremely cautious in trying to trade this thing because even if i trade and increase my position by 10 to 20% tops by savvy trading in a few months, one wrong move and i could be out of a stock likely to hit $1500-$1600+ by 2025-2026 and who knows how many multiples of that in 10 years
i like choosing my regrets: i'd rather kick myself for not trading TSLA and have less # shares vs making a wrong move and losing my position for good
did anyone really expect TSLA to go up 33% in single week, i sure did not (although, to be fair, i had a suspicion)
oh! good luck timing day to day stuff like figuring out if TSLA could rise 11% on friday after a 10% Thursday move
impossible to time short term on a consistent basis
i can much easier predict that a train hurtling down the tracks headed toward me will at some point hit me if i am stupid enough to remain standing on tracks, why try to tempt fate by attempting to time it to closest micro-second!
does not preclude some highly selective market timing when it is clear as daylight- that time is not now
my biggest task in 2023-2025/2026 time frame is not to outsmart myself and lose sight of forest for trees
as always, never any financial advice
PS: if i had to make a guess, next great potential trading opportunity in TSLA may not happen until Elon sells in second half of 2024/early or later 2025
does not mean that i will not keep my eyes open, but my default mode is do nothing until Elon tells me what to do
for me, this is time to hold for foreseeable future; $400+ could easily happen by May or June 2023 (not a prediction). but then, i would be extremely cautious in trying to trade this thing because even if i trade and increase my position by 10 to 20% tops by savvy trading in a few months, one wrong move and i could be out of a stock likely to hit $1500-$1600+ by 2025-2026 and who knows how many multiples of that in 10 years
i like choosing my regrets: i'd rather kick myself for not trading TSLA and have less # shares vs making a wrong move and losing my position for good
did anyone really expect TSLA to go up 33% in single week, i sure did not (although, to be fair, i had a suspicion)
oh! good luck timing day to day stuff like figuring out if TSLA could rise 11% on friday after a 10% Thursday move
impossible to time short term on a consistent basis
i can much easier predict that a train hurtling down the tracks headed toward me will at some point hit me if i am stupid enough to remain standing on tracks, why try to tempt fate by attempting to time it to closest micro-second!
does not preclude some highly selective market timing when it is clear as daylight- that time is not now
my biggest task in 2023-2025/2026 time frame is not to outsmart myself and lose sight of forest for trees
as always, never any financial advice
PS: if i had to make a guess, next great potential trading opportunity in TSLA may not happen until Elon sells in second half of 2024/early or later 2025
does not mean that i will not keep my eyes open, but my default mode is do nothing until Elon tells me what to do
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