Is it best to buy, sell, or hold Tesla?
Asked 5 years ago
I am currently sitting with Tesla stock and trying to figure out my next move. Therefore, I'm looking for opinions from experienced traders. How do I determine if I should buy more, sell it (...and profit?), or hold on to it for longer?
Filip Dimkovski
Saturday, April 24, 2021
In general, I don’t suggest that any single stock position be more than 20% of your total portfolio. As a result, if Tesla stock account for more than 20% of your total portfolio, I recommend cutting that percentage down just a bit. However, if Tesla stock makes up less than 20% of your portfolio, I recommend waiting it out a little more. Given how fast the share price has grown in the last year, the stock could easily jump in the following months. For now, I'd say that it's best to hold or even buy if you have extra cash, but definitely don't sell.
Please follow our Community Guidelines
Related Articles

Using TD Ameritrade and Managing Multiple Trading Accounts
Filip Dimkovski
December 23, 2024

Using Platforms and Brokers for Day Trading
Filip Dimkovski
December 23, 2024

The Ultimate Beginner's Guide on How to Read Candlestick Charts
Andrew Moran
December 23, 2024
Related Posts
Filip Dimkovski
Is It Wise to Buy a Load of TESLA at $700?
Filip Dimkovski
The Best Sources for Investment Advice
Andrew Moran
Guide to Day Trading Stocks for Beginners
Filip Dimkovski
Should I Buy 100 Stocks or Buy a Call Option?
Filip Dimkovski
Guidelines for Beginner Penny Stock Traders
Andrew Moran
How to Know When to Buy, Sell or Hold Stocks
Filip Dimkovski
Are There Any Advantages to Daily Stock Checking?
Can't find what you're looking for?
