EverettRuess
Member
I said that exact thing when I had most of my money in Apple. Sold out waiting for a better entry. Then Apple came up with a "stupid" idea about making phones which were very expensive. Who would pay $400 for a phone. I said I would not make the same mistake again.On "investing" vs "Trading."
It seems obvious to me or am I wrong?
I get labelled a "trader" if I can clearly see (And believed Elon a year ago when he said it was going to be a rough year ahead for TSLA stockholders) that the EV market is not going to be a place to have ANY money for at least a year. Not ANY EV company. Sure the Moneymakers/Market makers will be able to yank the stock whichever direction they can devise a scenario to take advantage of retail investors pathetic psyches, But the EV market is not a place to be investing in in the current economic climate...and political instability as well.
SO I bounced out most of my TSLA holdings. I am not trading. I am investing. I'd be a moron to firmly believe I should keep a stock I strongly feel will go down for an extended period of time. Especially when Elon is whispering in my ear. I still believe Tesla will be a powerhouse in some of the largest sectors of the market. But I am not going to let my money stay in the stock if I can see/feel that the next year will suck.