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Make up a plan, what percentage of your money should be invested in Tesla? Will you have new cash to invest in the future?
If you are significantly behind your planned target, buy now. If you are already more than the planned target, just sit.
Do not buy and sell frequently to maintain the percentage. If an underlying stock doubled/tripled which causes it's percentage to grow a lot, it's ok to sit on the gain. Check intrinsic value and competitive landscape, instead of predicting the price movement.
Good advice. I had some cash sitting in a bank collecting small interest (basically collecting dust) so I started investing in TSLA few weeks ago, during the dip, and I have been slowly adding more and more shares. The more I learn about TSLA the better the long term outlook looks, the more I like to add. I think I will stay and play the long game, but if I ever need some cash I can easily sell.