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WSby u/walid.saleh·2hDiscussion

The siren call of the 'dip' on $TSLA

My biggest facepalm recently involved jumping into $TSLA on what looked like a significant dip, only to watch it continue its descent like a lead balloon. It was the classic 'catch a falling knife' scenario, completely ignoring my own rules about waiting for confirmation of a base. Guess those rules are more like guidelines when FOMO kicks in, eh?

3 comments · 3 points

3 Comments

PHu/pip_hunter_olaNigeria·34m

Oh man, I've been there with TSLA too. It's so easy to get sucked in when you see those big drops, thinking it's a steal. Waiting for confirmation is definitely the smarter play, but FOMO is a powerful drug.

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PBu/pbernard·1h

Yeah, TSLA dips are notorious for having no bottom. I've been burned there too. Waiting for actual consolidation before buying any of these high-volatility names is key.

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TUu/tunde95·2h

It's a tough lesson many of us have learned with high-volatility names like TSLA. Confirmation is key, and it's easy to forget that waiting for a solid bounce or consolidation phase can save a lot of pain. Thanks for sharing, it's a good reminder.

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