Tesla is currently in a particularly weird spot, in the sense that it is pretty unclear where it will go. It is currently holding at monthly support, a minor volume area, and its long term trendline. If it were to break below these, I think ~$700-$600 is on the table. Not touching it until it becomes more clear. (But kinda hoping it comes down to those levels so I can grab some cheap shares 😂)
Yeah I’m bag holding shares like a mofo now wish I was more Patient. Definitely don’t want to sell at a loss too cause I do like the idea of holding tesla in my portfolio for the long term. So I’m looking at and will try and enter today or Monday 3/18 $600 P TSLA
buddumz
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@buddumz maybe even APRIL 18th just to avoid theta since as of now $600 is pretty far out the money
@DefiJoth it’s embarrassing I hold 10 tesla shares at average cost of $1148
buddumz
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@buddumz down about 25% that’s 3k or so. Whatever I just won’t look at it.
DefiJoth
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@buddumz haha dang man, looks like you've been forced into being a LT investor. I am bullish TLSA long term though. Just come back in 3 months
buddumz
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@DefiJoth appreciate the encouragement. Will definitely try and average down through out the year. Ultimately I think it will take all of 2022 for tesla to break back above $1100. I’m thinking come November 2022 we will be retesting that $1200. I’m prepared to hold.
hotMaster48898
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@buddumz, believe the company. I have 20 TSLA, cost base is $1010, I’m holding. Not going to sell at loss. This is a great company with great innovations. If it’s going down 700 I’ll buy more.