TSLA % of Your Portfolio

[blakegallagher]

I was 100 percent TSLA as I invested about 5 grand into options in tesla right before the stock exploded. Well not right before but close enough. I sold most of my options way to early and when it was insanely volatile I bought my "core" shares. It was about 560 shares. At SCTY started its giant fall I started buying it up. I was reading charts all wrong. "Look it broke through the 50 day average ... it has never stayed down below that for more than x amount of days. These options will be perfect". A few bad descisions and the price of oil collapsing and me being overextended on margin caused all of my "core" shares to be called away.

I am currently 100 percent invested in SCTY but plan on buying 6 long term options when I can to buy back my "core shares". Good luck all.

 

[vgrinshpun]

Some very smart people from this forum (while I lost some $ it was a small amount...and I am not smart:wink were heavily into GTAT. One of our best previous TMC analyst was one of them.
While TM/TSLA has increased my paper wealth substantially I would never go 'all in'......a black swan event can hit any company.

This reminds me of an old joke - what is the difference between smart people and wise people?

Smart people can always find their way out of difficult situations.

Wise people do not get into difficult situations.

 

[neroden]

Frankly, I originally only put my "mad money" into Tesla. I put in a miniscule amount, far less than I should have. In retrospect I should have put in 5%, but I actually put in something less than 1%. It's up to over 5% now, of course, thanks to the stock appreciating by a factor of 7.6.

 

[DragonWatch]

Can the moderator edit the options on the chart to allow us to revise our choice since I have an older iPad and my finger is bigger than it used to be? Thanks.

 

[neroden]

Pity we can't change our votes. Maybe a new "percentage of your portfolio 2017" poll.