i dont trade stocksThis graph shows an investment plan for me based on trendlines
i dont trade stocks but rather buy them at decent prices
these trendlines are there since a long time
a projected vision of potential bottoms in price based on trendlines
on these points i buy it doesnt get easier than that.
i never cry on price drops because i always leave money on the side to buy more at the other decent levels.
quick note that i buy like this on stocks who already "made it" and ofc based on context.
for an instance i didnt buy intel only until recently (19.1 usd per stock) even though it hit my trendline it showed no signs of stopping and high momentoum downward making my trendline a very unattractive buy.
in terms of what i would like to see to have my profits made is: tesla rising above the resistance levels and turning it to support, i would believe this to be in the next breakout attempt. from there the sky is the limit.
tesla is a company i value very much and believe in and therefore i invest in it. i do think you should only act like that in a company you believe in because this is not trading but investing.
my avg profit is 70% over the last 3 years to the current price.
where do i want to see tesla next?
at a new ath around the 500 usd mark after the introducement of their new products to the markets.
what is my medium scenerio?
if tesla doesnt reach the new ath target if the new products will only provide hype and not profits, in this case i will sell on the fact, right now we buy the dip before the rumor, when the rumor comes price shall increase.
in case of the worst scenerio i will buy on the next trendline at 120 usd
and hold until tesla reaches fair value then i will sell all my positions for a profit of all the avg entries. (some will be at a loss and some breakeven but most will be profit)
i dont anticipate the future but i damn sure try to invest smart.
this strategy i do on many stocks and proved quite useful to me if some of my investments went at a loss others went on a big win. sometimes it makes me frontrun a buy into the fall and i can be somewhat emotional but someone has to buy the dip and i'd rather to be one of these people.
now for the TA small as it may be
What we see in tesla in terms of price action is that there's a lateral movement for a couple of years with rising support level and a decreasing resistance level.
i will not be the one to anticipate the future but any break of these levels to the downside provides an oprotunity to buy the dip.
like you can see i've made some pivot points and a trend based fib.
the 1.618 is a great confluence of a pivot point to exit from in case of my medium scenerio we will see multiple price breakout attempts until it ultimately fails and try to find the supports.
the most optimal area for me to realise profitswould be infinity but in a reality case it would probably be the 2.618 on a new ATH
i would have to see how much tesla can revolutionize the markets because when nvidia did so it went to the 1k usd area per stock and im not scared of holding it in this case.
signs i look for if im to be out of the investment is if tesla hits a ceiling, multiple breakout attempts and eventually fails on a bad earnings i will quickly sell for profits.
I hope this can help you guys in your journys i am not a professional and this is not an advice especially not for trading this is strictly what i do for me.
so even if you wont act like me this is a quick view into the mind of a retailer like myself and whether you are smart money or dumb money i hope this will be cool for you to look at
