Prediction came true but still missed the boat in the Chinese Market 😖😖 Tesla Tonight🚨
I suggested to buy $Alibaba (BABA.US)$ $Baidu (BIDU.US)$ on Monday but I did set a tight stop loss and it got triggered on the same day😖 Painful experience for me…Missed at least 10% gain from each stock. $JD.com (JD.US)$ I also missed JD.COM, which I took profit at the 38 range with 10% profits and now the share price is 49…Literally missed 20% gains from JD.COM🤕🤕
$Tesla (TSLA.US)$ Tonight really needs to rely on Tesla to save the market. Deliveries Result is expected to be good especially in the China Market due to EV subsidies that imposed by the Chinese Government and that’s why $NIO Inc (NIO.US)$ $Li Auto (LI.US)$ $XPeng (XPEV.US)$ all have a very good deliveires result for Quarter 3😁
My plan is if Tesla drop due to fail to meet the deliveries expectation, I’ll see what is the gap…if it’s only minor, I’ll not hesitate to add more Tesla at the 230 range‼️
Even if you don’t have a good feelings on Tesla, better don’t short at this stage..The Short Squeeze is gonna be as huge as possible just like what is currently happening in the Hong Kong and China Market‼️ One good news can easily push the stock price up to 10-15% in a day✅
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bullrider_21 : That's the problem with tight stop loss. For volatile markets, I would set at 15%.
Tesla would sometimes suddenly surge. But it's different from China EV stocks. They have been beaten down so much over the past few years. So it's not unusual for big rises. Tesla has not fallen as much as them.
Anthony 27 OP bullrider_21 : No choice. Sometimes it’s better not to risk it since I chase high so set a right stop loss is okay for risk mitigation.