Tesla has entered into a melt up phase and going astronomical now.
Tesla is another example of why short selling is kinda stupid and why the top richest people in the world are not short sellers.
Anyways, I am considering of reducing my long positions in Tesla as it goes parabolic and will add back when a major corrections happens.
This can easily go to 1000 USD before any major pullback. And also, the stock price is fully controlled by the herds, it doesn't care about the coronovirus.
Another example of how to consistently make money in the financial market, bet on long term trend and innovation.
Peace.
Tesla is another example of why short selling is kinda stupid and why the top richest people in the world are not short sellers.
Anyways, I am considering of reducing my long positions in Tesla as it goes parabolic and will add back when a major corrections happens.
This can easily go to 1000 USD before any major pullback. And also, the stock price is fully controlled by the herds, it doesn't care about the coronovirus.
Another example of how to consistently make money in the financial market, bet on long term trend and innovation.
Peace.