🚨 MY BIGGEST RED DAY IN THE STOCK MARKET

TL;DR

Ricky updates on his red day experience with Tesla stock and highlights the potential for a reversal in the market.

Transcript

so what a freaking day what's going on team it's ricky with tackle solutions hope that you guys are all having an amazing day and just like i updated you guys yesterday on the amazing day when tesla gapped up i think i made 40 000 on the day on tesla i was up only or i was up 23 000 on the open which means for my average purchase price tesla droppe... Read More

Key Insights

• 😪 Ricky's experience highlights the importance of accepting both green and red days in the stock market.
• 🤑 He emphasizes the need to balance position sizes and not have too much money invested to avoid emotional reactions.
• 🧑‍💻 Ricky suggests focusing on tech stocks on the Nasdaq for potential investment opportunities.
• 🍰 He mentions Rocket Companies (RKT) as an example of a stock that experienced a short squeeze.
• 🙈 Despite the pullbacks, Ricky remains optimistic about a potential reversal and sees opportunities to invest in quality companies at discounted prices.
• 🫵 Ricky encourages viewers to share their opinions on Tesla and other top stocks they are focusing on.
• 😚 He discourages close-minded individuals who try to subjugate others based on differing investment views.

Questions & Answers

Q: How much did Ricky lose on his red day with Tesla?

Ricky lost $27,000 on his red day with Tesla, with the stock dropping and him having 900 shares.

Q: Why does Ricky still feel comfortable with his investment in Tesla?

Despite the losses, Ricky is confident in Tesla's long-term potential and believes in its overall upside as a quality company.

Q: What other quality companies experienced a pullback on the same day?

Ricky mentions Facebook, Square, and Amazon as examples of quality companies that also pulled back on the same day.

Q: How does Ricky plan to adjust his position in Tesla?

Ricky plans to reduce his position size from 900 shares to 750 shares because Tesla broke below $700 per share.

Summary & Key Takeaways

• Ricky updates viewers on his red day experience, mentioning his significant losses on Tesla stock.

• He highlights the volatility of Tesla but also expresses confidence in its long-term potential.

• Ricky discusses the correlation between Tesla's performance and the overall market, particularly the tech stocks on the Nasdaq.