Trading strategy:
Limit Order: Buy
Entry Price: 200-215
TP: -
SL: 190
Motivation: Good long term growth prospects and high potential in current projects taking shape in the company, if you can look past the losses for now.
If you are looking to invest in the long term, I believe TSLA is a good value stock if you can find a suitable entry price and lock in your stake in the company. However, being an momentum stock (for now), it experiences huge volatility in share price when earnings are missed. Be prepared to tough out the bad times and place your faith with Elon Musk and pray he shows you the path once he figures out how to produce EV like rabbits.
If the stock price fails to breach the $250 mark, be prepared to go in for long term.
Limit Order: Buy
Entry Price: 200-215
TP: -
SL: 190
Motivation: Good long term growth prospects and high potential in current projects taking shape in the company, if you can look past the losses for now.
If you are looking to invest in the long term, I believe TSLA is a good value stock if you can find a suitable entry price and lock in your stake in the company. However, being an momentum stock (for now), it experiences huge volatility in share price when earnings are missed. Be prepared to tough out the bad times and place your faith with Elon Musk and pray he shows you the path once he figures out how to produce EV like rabbits.
If the stock price fails to breach the $250 mark, be prepared to go in for long term.