What Happened Monday?
Added 2021-02-23 08:57:25 +0000 UTCMonday was brutal for most growth stocks, even Tesla took a massive dip, so what happened? Well, this was kinda expected to happen, a correction was bound to present itself in the middle of this bull run, but I don't see any reason to panic. I actually sold nothing yesterday, including TSLA, BTC, BNGO and even PLTR. Clearly yesterday was driven by a lot of investors who took emotionally driven decisions, which is never a good thing in my opinion. If you want to aim for long term growth, you need to be willing to tolerate the bumpy ride that comes with investing in growth stocks.
I see this as a buying opportunity, so I will be buying more TSLA and PLTR Tuesday morning. At this price point I would love to grab more shares of both of these companies.
Please note that as with ANY post or video I make this is NOT financial advice and strictly my opinion and may be totally wrong. Do your own research please. Note that past performance is not a guarantee of future results. Don't assume an investment will continue to do well in the future simply because it's done well in the past. This is strictly my opinion, so do your own research and make up your own mind. This is not financial advice, just entertainment, so be careful!
Comments
Isn’t this exactly why Tom recommends keeping 15-20% of your portfolio in cash?
Shane
2021-02-28 03:45:08 +0000 UTCNothing to share Tom about the current situation? I feel anytime meme stock go up Wall Street tanks big
JACOPO FOTI
2021-02-26 09:26:37 +0000 UTCIt's bumpy, buckle up..
Dawn Shapiro
2021-02-25 13:38:02 +0000 UTCloaded up on X to diversify my TECH HEAVY portfolio. check out US Steel
Russel Dulay
2021-02-25 00:35:59 +0000 UTChttps://youtu.be/_b2qYtl6X4M wow what Jim Cramer had to say about Cathy Woods Ark funds today!! Tom, you would love this
Brett
2021-02-24 20:33:25 +0000 UTCTried to buy TSLA on fidelity twice, but it hung both times and with market orders! I eventually ended up with PLTR. What a day!
Michael Fischer
2021-02-24 15:38:55 +0000 UTCWell, I dont like the "shaking weak hands out theory". This looks like a solid correction and good so. Corrections are good. If the bubble is bursting, that's bad
Marcin Śróda
2021-02-24 08:41:42 +0000 UTCThanks, Tom, for shining light on in the dark and keeping it real.
Garo
2021-02-23 23:30:59 +0000 UTCI’m also buying TSLA & PLTR TODAY however I did take some Profit on TESLA, my holding was just too big for our Portfolio
William Rilling
2021-02-23 19:15:10 +0000 UTCI was able to significantly increase my position in PLTR at 24.50/share! Woohoo!
Josh Harward
2021-02-23 18:44:06 +0000 UTCTom- what are your thoughts on DEN?
Sandra Catchings
2021-02-23 18:32:04 +0000 UTCVery sorry Jeremy. It's all going to work out.
Sandra Catchings
2021-02-23 18:30:12 +0000 UTCI’m maxed out on funds for investing. Bought last week all in on Tesla, bcrx, pltr, pltn, ortx, chek, tufn and fubo. Massive hit right now :(
Jeremy Parker
2021-02-23 17:18:59 +0000 UTCSHOPPING DAYYYYYYY, BIG PARTYYYY hahaha
Mark
2021-02-23 15:34:34 +0000 UTCNot really. The interests rates will be risen in at least a couple of years. There is another thing that the government can do to limitate inflation if it gets too high. Elevate the taxes, in this way they can keep under control inflation. Obviously it´s not immediate as increasing the rates, but in the middle term it has almost the same "benefit"
Mark
2021-02-23 15:32:42 +0000 UTCTech is dropping since last monday. Everyone on youtube started talking about the market crash in the last 2 weeks and the prophecy is now fullfilling.
Richárd Meggyes
2021-02-23 15:20:59 +0000 UTCAnd most likely will continue... shaking the tree and see how many apples fall ;)
Lusofreak
2021-02-23 15:15:59 +0000 UTCSomebody made some good money in the space of 30 min 😂
Flavius Buda
2021-02-23 15:08:37 +0000 UTCSo what's everybody buying this week? PLTR is looking pretty good, what else?
Bruce Turnbull
2021-02-23 14:56:14 +0000 UTCThese things happen, it will come back or we will all be miserable together
Bruce Turnbull
2021-02-23 14:53:24 +0000 UTCbloodbath today. Opportunity!
Ariel Estulin
2021-02-23 14:51:19 +0000 UTCWhat the hell is going on today? Everything dropped massively 😲
Flavius Buda
2021-02-23 14:44:56 +0000 UTCWhat about today?
Sohum Karia
2021-02-23 14:44:04 +0000 UTCToday will be the judgment day 😉
Marcin Dziku
2021-02-23 12:37:06 +0000 UTCThank you for your new video on pltr Will be buying today
Elie Bellama
2021-02-23 12:32:26 +0000 UTCTom, what would be your blue ship best buy on that dip apart of Tesla?
Martin Dinel
2021-02-23 11:50:44 +0000 UTCI Sold BCRX with 12% profit and bought more Tesla shares at about 740.. Thought I had a good deal with that LOL! Pre market again 8% down at 650! Probably will sell more other stocks to buy Tesla today again! But this is brutal man! I cant blame anybody who got scared.. very difficult to keep your emotions together and do not sell. What helps is to think back on why you invested in the first place, and than you will see nothing has changed, and this is probably just a temporary correction.
Marco Nierop
2021-02-23 10:42:50 +0000 UTCThis is timing the market. Not possible.
cares
2021-02-23 10:30:32 +0000 UTCToday's premarket looks even more brutal
Marcin Śróda
2021-02-23 09:54:36 +0000 UTCGood stocks will bounce back well. Give it a few weeks and it'll be all good!
Hugh Clarke
2021-02-23 09:53:40 +0000 UTCYesterday was an emotional and am sure there will be a few more days this week. Keep your chins up and remember you cant loose money if you dont sell.
michael tulip
2021-02-23 09:52:44 +0000 UTCI disagree. Commodities are running up because the market is expecting a major inflation. I would be careful out there. To fight inflation they will have to raise interest rates.
Jacopo Bertini
2021-02-23 09:22:16 +0000 UTCfor example if the stock drops more than 20%
Car
2021-02-23 09:13:24 +0000 UTCHey Tom, i didnt sell anything yesterday either, but is there a recommended sell when the percentage drops too much?
Car
2021-02-23 09:13:02 +0000 UTCfrom my little experience, it's impossible
Car
2021-02-23 09:11:48 +0000 UTCTom, forgive the stupid question but is there a way to try estimate what the bottom of pick might be? Anything that tries to give a bottom range when is perfect time to buy more? I realise anything below the target price is a win.
Dearg OBartuin
2021-02-23 09:07:31 +0000 UTCBitcoin purchase, crypto PUMP online done by his tweets as hedgies and big money don't like him messing around from what I read
Nightycore
2021-02-23 09:02:10 +0000 UTCI'm so upset. I can't buy anything on the dips. I am already maxed on my 2021 Roth so all I can do is shift shit around and sell stuff I already have to try to buy stuff I think will be better and then that shit goes down too. I have good stocks! Apple, Tesla, PayPal, TSM, PLTR and they're all fucking down. And I can't even take advantage of it. I just have to sit there and watch my retirement age push back 8 years.
Natalie Davis
2021-02-23 09:01:46 +0000 UTCwhats the hate on tsla for? I'm OOTL
Barkshire
2021-02-23 09:00:38 +0000 UTCBuying more
Hazrin
2021-02-23 09:00:05 +0000 UTCI wouldn't be buying tesla with all the hate going on right now from hedge funds and investors on Tesla. PLTR might be a bit more stable. I would buy Tesla dip after testing support level Tesla dip means tens of billions going down, while a 10% in PLTR going down is just 5b
Nightycore
2021-02-23 08:58:21 +0000 UTC
