TRADING TIPS

Should I Sell TSLA?

Hubert Senters here. Let’s take a look at Tesla. Had a user question I’m long Tesla but I’m thinking about selling it, what do you think? So I would be more information I don’t know where you’re long from. I’m going to pretend you are long at two different levels because I’m not sure. If you are long $337 back in here in December you’re still okay. For me it’s clear cut. It’s below the cloud I would just sell it and wait until it goes above the cloud. Now, if you are long Tesla up here around $800-ish it’s down $480 so it’s going to sound harsh but I would sell it and be done with it and move on to something else that’s got more potential for you right now. But there has to be own thing like number one make sure you’ve got a stop-losss that you’re cool with. A couple of different blocks for beginning or aspiring trading professionals. Everybody takes a loser at home and it turns it into a massive loss and the quicker you can kind of pull of that and go it sucks, get out of here, take a loss and move on. Now, on the other rank, if you’re a long term investor and you believe in Tesla story and their long term vision and you’re going to hold this thing for 10 years I would just hold it and not worry about it so.  It really depends on where you’re at, how much pain you can take and your stop-loss and your overall timeframe for the trade. If you’re really in it for a week or so it’s a different discussion than if you’re in it for 10 years. I hope that helps. Next time you send me a question like that you tell me where you’re long from that will help me make a better informed video for you. Mark Helweg is going to be doing a special webinar Saturday, April 4th on ‘The Secret NYSE Indicator that Predicted the Corona Selloff!’  It’s actually been fairly efficient too on the bounces and today, I will show what I was doing. On this one I use for intra-day stuff and it basically said today was a sell all day long.  Right there is the day starting out right there and it’s going to sell so it hopefully roll into the sell side of things. I will HYPERLINK you to the regisration form. Good luck. Have a great weekend and see you on the next video. Hubert.

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