Abstract: Explain the reasons of selling Tesla (TSLA) and share my views.
Transaction detail
What I want to share with you today is the transaction I made on October 25. The details are as follows:
Sold stock
Image source: https://seekingalpha.com/symbol/TSLA/chart
Reasons for Selling Tesla
Yesterday, I saw that Tesla closed at US$1024 after breaking the top, which made Tesla accounted for the highest proportion in my portfolio. In order to balance the position and risk, it can also help reduce debt at the current high market level. I decided to reduce a little bit of Tesla’s shareholdings. Of course, I still continue to be optimistic about Tesla’s company development in the long-term. But I think the more we should increase our holdings of the company when the stock price is down, and we should even use an appropriate leverage to increase your shareholdings; on the contrary, we should reduce debt when the stock market is at a high level. Such a strategy can often reduce risks and increase opportunities for returns. However, conversely, some people see that the stock market is at a high level and still increase leverage to enter the market, just want to earn the final rise. This often brings overwhelming risks which outweigh the gains.
Comments and sharing
If you have any questions, please feel free to leave a message or comment below, I will reply you. Or if you find anything incorrect in the article, please let me know and learn from you. If you find it interesting or it may help you in any sense, please share with other people.
